Listed by Bang Realty
$685,714
Fastenal
Details
Property Type Industrial
Sub Type Distribution
Square Footage 6,048
Cap Rate 7.00%
NOI $48,000
Occupancy 100%
Tenancy Single
Brand/Tenant Fastenal
Lease Type NN
Lease Term 22.4
Lease Expiration 01/31/2031
Remaining Term 4.6
Lease Options 1, 3-Year Option
Year Built 2006
Acreage 0.910
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2008
Ground Lease No
Ownership Fee Simple
About This Property for Sale
Investment highlights
- Established Industrial Tenant | Fastenal, a leading industrial and construction supply distributor, operates this freestanding location serving Decorah and the greater Northeast Iowa.
- Long-Term Net Lease | Long-term net lease with an established national tenant provides stable cash flow and limited landlord responsibilities for passive ownership.
- Regional Service Hub | This location serves businesses throughout Decorah and Northeast Iowa, supplying essential products to commercial and industrial customers.
- Excellent Highway Exposure | Positioned along Iowa Highway 9, the property enjoys outstanding visibility, easy access and convenient connectivity throughout the Decorah trade area.
- Regional Commercial Corridor | Located within Decorah's primary commercial corridor among national retailers, automotive users, restaurants and local businesses serving the region.
- Strong Consumer Base | More than 15,400 residents live within 10 miles, supported by 6,284 households and nearly $193 million in annual consumer spending.
- Educated Workforce | Approximately 34% to 38% of residents within 10 miles hold a bachelor's degree or higher, supporting a skilled and stable workforce.
- Growing Household Base | Households within five miles increased 3.6% from 2020 to 2025, reflecting continued residential growth supporting long-term business demand.
Listing Contacts
Listed by Bang Realty
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$48,000.00
$4,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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