Log In/Sign Up
Your email has been sent.
2108 Isaac Newton Dr
Ames, IA 50010
Retail Property For Sale
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,752 SF
Building Class
B
Year Built
2003
Price
$4,215,900 CAD
Price Per SF
$543.85 CAD
Cap Rate
6.70%
NOI
$282,460 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
3.20 AC
Zoning
HOC
Property Taxes
| Parcel Number | 09-12-480-040 | Improvements Assessment | $2,601,210 CAD |
| Land Assessment | $2,151,795 CAD | Total Assessment | $4,753,006 CAD |
Property Taxes
Parcel Number
09-12-480-040
Land Assessment
$2,151,795 CAD
Improvements Assessment
$2,601,210 CAD
Total Assessment
$4,753,006 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
