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Health Mart Pharmacy 122 Main St 2,091 SF Retail Building Van Horne, IA 52346 $209,388 CAD ($100.14 CAD/SF) 13.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Established pharmacy property
- Income through 2027
- Low rent
EXECUTIVE SUMMARY
Prime Investment Opportunity – Van Horne, IA High-quality 2,091 SF standalone building located next to Benton Community School District in Van Horne. Fully leased to Van Horne Towncrest Pharmacy—the only pharmacy in town—through at least August 2027, ensuring steady income. Built in 2007, the property offers modern construction with minimal landlord responsibilities. Current lease terms reflect replaceable market rents, making this a solid, long-term investment. Excellent location, stable tenant, and low-maintenance asset in a growing community—perfect for investors seeking dependable cash flow.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,091 SF
Building Class
C
Year Built
2007
Price
$209,388 CAD
Price Per SF
$100.14 CAD
Cap Rate
13.60%
NOI
$28,477 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.76
Lot Size
0.06 AC
Zoning
C - Commercial
Frontage
50’ on Main St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Towncrest Pharmacy
- Health Care and Social Assistance
- 2,091 SF
- $13.62 CAD
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Towncrest Pharmacy | Health Care and Social Assistance | 2,091 SF | $13.62 CAD | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 22000220 | Improvements Assessment | $329,540 CAD |
| Land Assessment | $7,333 CAD | Total Assessment | $336,873 CAD |
PROPERTY TAXES
Parcel Number
22000220
Land Assessment
$7,333 CAD
Improvements Assessment
$329,540 CAD
Total Assessment
$336,873 CAD
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Health Mart Pharmacy | 122 Main St
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