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Giliberto's | High-Traffic Hwy 71 | 7.6% Cap 320 HWY 71 S 1,408 SF Retail Building Arnolds Park, IA 51331 $862,593 CAD ($612.64 CAD/SF) 7.60% Cap Rate
Investment Highlights
- Current Tenant, Giliberto's Taco Shop is a chain of 14 stores
- Glass garage door leading to an outdoor patio for additional seating
- Newly constructed modern retail/restaurant building
- Located directly across from Arnolds Amusement Park on US-HWY 71
Executive Summary
$624,900. Advertised cap 7.6% on February 2027 NOI of $47,520. Signed 5-year extension delivered through early 2032. Rent steps from $5,250/mo to $5,775/mo NNN in Feb 2027. Sandwich leasehold: Feb 2027 income $69,300, ground rent $21,780, NOI $47,520. Current income $63,000, ground rent $19,800, NOI $43,200, cap 6.9%. Ground rent is the only landlord cost. Taxes, insurance, and CAM pass through. 1,408 SF leased. 2020 drive-thru across from Arnolds Park Amusement Park. Adjacent Scooter’s Coffee is also a No Rest Acres ground tenant. Tenant: Salas Cruz Restaurant, LLC d/b/a Giliberto’s No. 12, 15-shop family chain. Ground lease through 12/31/2031 plus options. Tenant ROFR on sale.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,408 SF
Building Class
B
Year Built
2020
Price
$862,593 CAD
Price Per SF
$612.64 CAD
Cap Rate
7.60%
NOI
$65,595 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.10 AC
Zoning
C - Commercial Zoning
Parking
16 Spaces (11.36 Spaces per 1,000 SF Leased)
Frontage
150’ on HWY 71
Amenities
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Giliberto's Mexican Taco Shop
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
24 Hour Mexican Food in Arnolds Park Iowa
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Giliberto's Mexican Taco Shop | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 07-30-406-005 | Improvements Assessment | $936,019 CAD |
| Land Assessment | $401,429 CAD | Total Assessment | $1,337,448 CAD |
Property Taxes
Parcel Number
07-30-406-005
Land Assessment
$401,429 CAD
Improvements Assessment
$936,019 CAD
Total Assessment
$1,337,448 CAD
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Giliberto's | High-Traffic Hwy 71 | 7.6% Cap | 320 HWY 71 S
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