Jim Hughes Real Estate
Listed by Jim Hughes Real Estate
$250,000
909 Senate Ave. - Red Oak, Iowa
Details
Property Type Office
Sub Type Traditional Office
Square Footage 2,310
Units 1
Cap Rate 4.31%
NOI $10,766
Occupancy 100%
Tenancy Single
Brand/Tenant Verizon Wireless
Lease Type Modified
Lease Term 5
Lease Expiration 01/31/2030
Remaining Term 3.7
Rent Bumps No
Lease Options 5 years
Price per SqFt $108
Broker Co-Op Yes
Class B
Year Built 1979
Buildings 1
Stories 1
Acreage 0.480
Zoning Commercial
Parking Spaces 20 per unit
Investment Type Core
Tenant Credit Franchisee
Lease Commencement 02/01/2025
Occupancy Date 02/01/2025
Building For Sale with Lease in Place
Marketing description
Investment Opportunity – Commercial Building with National Tenant
Outstanding commercial property for sale featuring a nationally recognized tenant, Verizon, with a 5-year lease in place and an option to extend for an additional 5 years. This 2,310 sq. ft. building is perfectly positioned on a high-traffic main road, offering excellent exposure and accessibility.
The property includes a spacious showroom with expansive windows, filling the space with natural light, and a dedicated office area to support business operations.
Ideal for investors seeking stable, long-term income from a reliable tenant in a prime location.
Listing Contacts
Jim Hughes Real Estate
Listed by Jim Hughes Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$10,766.00
$897.17/mo
Valuation Metrics
0
DSCR
4.31%
Cap Rate
4.31%
ROI
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