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2108 Isaac Newton Dr 7,752 SF 100% Leased Retail Building Ames, IA 50010 $4,155,390 CAD ($536.04 CAD/SF) 6.70% Cap Rate
Investment Highlights
- New 7-year lease with Abelardo’s and recent 5-year renewal by Maverik
- Qualifies for 100% Bonus Depreciation (check with tax advisor)
- The company has seen number of locations double since 2023
- Strategically located at the intersection of Interstate 35 and Highway 30
- FJ Management Inc, formerly known as Flying J Inc, is a privately-held American corporation which operates as the parent company to Maverik
- Maverik is an industry-leading convenience store chain with 840+ locations in 21 states
Executive Summary
The property is located on a high-visibility corner with immediate access to Highway 30 and Interstate 35. The property lies in a growing commercial corridor that has a strong daytime population from nearby businesses and Iowa State University, with nearly 900 hotel rooms within 1/4 mile and over 2.3 million square feet of commercial/industrial space nearby.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,752 SF
Building Class
B
Year Built
2003
Price
$4,155,390 CAD
Price Per SF
$536.04 CAD
Cap Rate
6.70%
NOI
$278,406 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
3.20 AC
Zoning
HOC
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Abelardo’s
- -
-
99,999 SF
- -
- -
- Maverik
- -
-
99,999 SF
- -
- -
- Subway
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Abelardo’s | - | 99,999 SF | - | - | ||
| Maverik | - | 99,999 SF | - | - | ||
| Subway | - | 99,999 SF | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 09-12-480-040 | Improvements Assessment | $2,563,876 CAD |
| Land Assessment | $2,120,911 CAD | Total Assessment | $4,684,787 CAD |
Property Taxes
Parcel Number
09-12-480-040
Land Assessment
$2,120,911 CAD
Improvements Assessment
$2,563,876 CAD
Total Assessment
$4,684,787 CAD
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Videos
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Photos
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Street
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2108 Isaac Newton Dr
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