Log In/Sign Up
Your email has been sent.
Pizza Ranch 1617 S Monroe Ave 5,729 SF Retail Building Mason City, IA 50401 $2,256,516 CAD ($393.88 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
Restaurant
Building Size
5,729 SF
Building Class
C
Year Built/Renovated
1973/2021
Price
$2,256,516 CAD
Price Per SF
$393.88 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 | $1,033,094 CAD |
| Land Assessment | $122,340 CAD | Total Assessment | $1,155,434 CAD |
Property Taxes
Parcel Number
07-16-251-04-200
Land Assessment
$122,340 CAD
Improvements Assessment
$1,033,094 CAD
Total Assessment
$1,155,434 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Pizza Ranch | 1617 S Monroe Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.