1002 Jeffreys DrOsceola, IA 50213

Property Details for 1002 Jeffreys Dr

Year built

1975

Construction

WOOD FRAME

Lot size

0.45 AC

Property size (Sq ft)

2,520 SF

Property type

Turn key restaurants

APN

14098

APU

14098

Description

This exceptional sale-leaseback opportunity presents a 2,520-square-foot Pizza Hut restaurant located at 1002 Jeffreys Dr, Osceola, IA 50213. Built in 1975, this single-story building sits on a 0.618-acre lot and boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $30,000. The property features a lease expiring December 31, 2032, providing a substantial remaining lease term of 8.1 years with a favorable 1% annual rent increase. The asking price is $428,500, translating to a price per square foot of $170.04. This investment is further enhanced by the presence of a seasoned, multi-unit operator (30+ units) and the availability of seller financing. The property's strong financials, coupled with the established brand recognition of Pizza Hut and the long-term lease, make this a compelling investment opportunity in the thriving Osceola, Iowa market. This sale-leaseback transaction offers a secure and profitable investment with significant upside potential. The property's location in Clarke County provides convenient access to a substantial customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $624,073

  6.5%

  $576,067

  7%

  $534,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $324,124

  Geo Method

  $324,124

• Alternative Use

  Use

  Valuation

  Residential

  $485,934

  Hospitality

  $445,113

  Educational

  $370,329

  Medical

  $383,065

  Retail

  $576,067

Location Insight

City

Osceola

County

Clarke

State

Iowa

Latitude

41.0295

Longitude

-93.78

Property Tax & Assessments

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