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32391103
32391104

600 W Taylor St, Creston, IA 50801

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty
$592,147.06
28 days on market
Updated 4 days ago
Opportunity zone

WEST TAYLOR CENTER - Creston IA

Details
Property Type Retail, Mixed Use
Sub Type Shopping Center
Square Footage 6,000
Cap Rate 8.00%
NOI $47,372
Occupancy 100%
Tenancy Multi
Year Built 2004
Buildings 1
Acreage 0.650
Investment Type Stabilized
Ground Lease No

Retail | 8.00% CAP | 6,000 SqFt

Marketing description

600 W Taylor Street is a 6,000-square-foot multi-tenant retail strip center situated along the primary commercial corridor in Creston, Iowa, the Union County seat. Built in 2004, the property is 100% occupied by four tenants representing healthcare, wireless retail, insurance, and specialty retail - a complementary mix that generates consistent consumer traffic across all day parts. The center benefits from direct frontage on West Taylor Street at its intersection with US Route 34, Creston's primary east-west arterial, with combined counts at the immediate intersection exceeding 18,500 vehicles per day. The asset is offered at an 8.00% cap rate with an asking price of $592,147.06, generating $47,371.77 in net operating income. Creston serves as the commercial and governmental center of Union County in southwest Iowa, drawing consumers from a broad rural trade area. The property is positioned within 0.04 miles of US Route 34, and regional traffic corridors - including New York Avenue and South Sumner Avenue - record counts between 8,200 and 9,100 VPD within 0.30 miles of the site, reflecting Creston's role as the dominant retail destination for the surrounding region.

Investment highlights

  • 8.00% Cap Rate | $592,147.06 Asking Price - An accessible entry price point offering strong current yield in a stable, fully occupied asset
  • 100% Occupied, Four-Tenant Retail Center - Diversified tenant mix spanning healthcare, wireless retail, insurance, and specialty retail
  • Newer Vintage Construction (2004) - Minimal deferred maintenance with little to no anticipated near-term capital expenditure requirements
  • National & Regional Credit Tenants - Athletico Physical Therapy (900+ locations) and Russell Cellular, an authorized Verizon Premium Retailer operating 800+ locations across 23 states, anchor the center
  • High-Traffic Corridor Location - Direct frontage on West Taylor Street at US Route 34, with combined traffic counts exceeding 18,500 VPD at the immediate intersection
  • Union County Seat - Creston functions as the dominant retail, healthcare, and service hub for the surrounding rural trade area, providing institutional demand that supports the retail corridor

Listing Contacts

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$47,371.77
$3,947.65/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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