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3441 86th St 5,952 SF Retail Building Urbandale, IA 50322 $1,654,728 CAD ($278.01 CAD/SF) 8.62% Cap Rate
Investment Highlights
- Single tenant net lease
- Complete Tear off of roof in 2024
- Existing rent is below market
- Huge parking field via perpetual easement
- Aggressive Rent bumps every 24 months to bring rent to market
- Priced below replacement cost
Executive Summary
Recently Reduced Price for quick clean sale.
Cap Rate as of September 1st 2026
Multi Unit / Multi State operator
New Roof in 2025
Significant Rent bumps this year, again in 2 years then every three years.
8 Years remaining on primary lease term
Ample parking for any drive thru or sit down restaurant user via dedicated easement
Cap Rate as of September 1st 2026
Multi Unit / Multi State operator
New Roof in 2025
Significant Rent bumps this year, again in 2 years then every three years.
8 Years remaining on primary lease term
Ample parking for any drive thru or sit down restaurant user via dedicated easement
Data Room Click Here to Access
- Offering Memorandum
- Miscellaneous
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,952 SF
Building Class
B
Year Built/Renovated
1990/1996
Price
$1,654,728 CAD
Price Per SF
$278.01 CAD
Cap Rate
8.62%
NOI
$142,720 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.07 AC
Zoning
PUD - Planned Unit Development
Parking
85 Spaces (14.28 Spaces per 1,000 SF Leased)
Frontage
240’ on 86th St
Amenities
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 312-00611021002 | Improvements Assessment | $587,428 CAD |
| Land Assessment | $929,406 CAD | Total Assessment | $1,516,834 CAD |
Property Taxes
Parcel Number
312-00611021002
Land Assessment
$929,406 CAD
Improvements Assessment
$587,428 CAD
Total Assessment
$1,516,834 CAD
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3441 86th St
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