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Pizza Ranch 1617 S Monroe Ave 5,729 SF Retail Building Mason City, IA 50401 $2,292,950 CAD ($400.24 CAD/SF)
INVESTMENT HIGHLIGHTS
- Long term lease with experienced operators
- Annual rent increases
- Zero landlord responsibilities
EXECUTIVE SUMMARY
This freestanding Pizza Ranch property in Mason City, Iowa offers a stable, long-term investment backed by a true triple-net lease with zero landlord responsibilities and 18 years remaining on the current term. The asset generates a current annual NOI of $108,199 with contractual 3% annual increases, resulting in a 10-year average NOI of $124,038. Operated by experienced Pizza Ranch franchisees with over 20 years in the system, the building includes a popular Fun Zone arcade and benefits from its location in a thriving community of 26,000+ residents.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,729 SF
Building Class
C
Year Built
1973
Price
$2,292,950 CAD
Price Per SF
$400.24 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.87 AC
Opportunity Zone
Yes
AMENITIES
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-16-251-04-200 | Improvements Assessment | $1,037,881 CAD |
| Land Assessment | $122,907 CAD | Total Assessment | $1,160,787 CAD |
PROPERTY TAXES
Parcel Number
07-16-251-04-200
Land Assessment
$122,907 CAD
Improvements Assessment
$1,037,881 CAD
Total Assessment
$1,160,787 CAD
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Pizza Ranch | 1617 S Monroe Ave
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