418 BroadwayCouncil Bluffs, IA 51503

Property Details for 418 Broadway

Year built

2008

Lot size

0.55 AC

Property size (Sq ft)

1,890 SF

Zone code

C-3

Property type

Turn key restaurants

APN

7544 25 437 010

APU

754425437010

Description

This exceptional investment opportunity presents a 1,890 square foot Quick Service Restaurant (QSR) located at 418 E Broadway in Council Bluffs, Iowa, within the Central Business District (C-3) zoning. The property, built in 2008, sits on a 0.55-acre lot and boasts a strong 6.50% cap rate. Currently under a 10-year Absolute NNN lease commencing June 6th, 2024, this investment offers significant long-term stability. The lease includes two 5-year renewal options with a 10% rental increase after the initial 5 years and 2.5% annual increases for option rents. Conveniently located on E Broadway Street, the property benefits from ample parking, ensuring easy access for customers. This is a prime opportunity for investors seeking a secure, high-return investment in a thriving Iowa market. The property's strong tenant and favorable lease terms make it an attractive addition to any portfolio. The location offers excellent visibility and accessibility, contributing to the property's overall value and potential for future growth. This is a rare chance to acquire a well-established QSR property with a proven track record and significant upside potential.

Location Insight

City

Council Bluffs

County

Pottawattamie

State

Iowa

Latitude

41.2653

Longitude

-95.8413

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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