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Clarion Pharmacy Building 210 N Main St 5,672 SF 100% Leased Retail Building Clarion, IA 50525 $391,526 CAD ($69.03 CAD/SF) 13.89% Cap Rate
Investment Highlights
- New Roof 2018
- 2 Apartment Units for Additional Rent
- Commercial Unit Leased Through 2028 with the option to increase to 2031
Executive Summary
????The upside! There are two apartments above the main building - currently one is a large one bedroom/one bath rents for $550, the other is a two bedroom/one bath and rents for $875/month. These rents could be raised in the future. According to google & AI the average apartment rent in Wright county is $700-$1,200/month with overall average of $1,000/month - so there is upside for the apartment rentals.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$66,631
|
$11.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,631
|
$11.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
$12,244
|
$2.16
|
| Total Expenses |
$12,244
|
$2.16
|
| Net Operating Income |
$54,386
|
$9.59
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $66,631 |
| Annual Per SF | $11.75 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $66,631 |
| Annual Per SF | $11.75 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,244 |
| Annual Per SF | $2.16 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,244 |
| Annual Per SF | $2.16 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $54,386 |
| Annual Per SF | $9.59 |
Property Facts
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Apartment #1 Renter
- -
- 600 SF
- -
- -
- Apartment #2 Renter
- -
- 600 SF
- -
- -
-
- Retailer
- 3,850 SF
- -
- -
Thrifty White Pharmacy is a pharmacy chain fully owned by the employees. They are committed to the communities they serve and believe that their services and products must exceed the expectations of their customers. Thrifty White Pharmacy is committed to providing healthcare to small towns and cities in the rural Midwest that range from 5,000 to 50,000 in population. The 90+ locations across Minnesota, North Dakota, South Dakota, Iowa, Montana and Wisconsin provide services and programs that make it easier for patients to get the prescriptions they need, optimize patient's prescription drug regimen, and allows the pharmacist to spend more time interacting with patients to increase medication compliance and improve patient health.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Apartment #1 Renter | - | 600 SF | - | - | ||
| Apartment #2 Renter | - | 600 SF | - | - | ||
|
|
Retailer | 3,850 SF | - | - |
Property Taxes
| Parcel Number | 07-31-364-010 | Total Assessment | $219,966 CAD |
| Land Assessment | $13,241 CAD | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $206,726 CAD | Tax Year | 2025 |
Property Taxes
Presented by
EOA, LLC
Clarion Pharmacy Building | 210 N Main St
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