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1026 West St
Grinnell, IA 50112

Price Upon Request

General Retail For Sale  •  650 SF

Property Details

  • Property Type General Retail
  • Total Building Size 650 SF
  • Lot Size 0.41 AC
  • Building Class C
  • Year Built 2024
  • Tenancy Single
0 Transit Score
83 Walk Score

Highlights

LONG TERM & BRAND-NEW LEASE – 15-year lease will commence at the COE, providing a long term and stable investment for a new investor.
ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
FRANCHISE GUARANTEE – The lease is backed by a franchise guarantee from a 28+ unit operator and the Scooter's Franchise of The Year award recipient.
COLLEGE TOWN DEMOGRAPHICS – Grinnell College students come from affluent families and have high discretionary income.
RENTAL INCREASES – There are 2% rental increases annually, providing an investor a hedge against inflation.
MINIMAL COMPETITION – There is a clear lack of drive-thru coffee competition in the area, giving this location a significant advantage.

Amenities

  • Corner Lot
  • Signalized Intersection