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Burger King 715 Doris Dr 3,081 SF 4-Star Retail Building Evansdale, IA 50707 $2,311,369 CAD ($750.20 CAD/SF) 5.85% Cap Rate
Investment Highlights
- Located at Exit 68 off US-20/I-380 with 27,000+ vehicles per day and strong drive-thru visibility.
- 5% rent increases every 5 years with four 5-year renewal options through 2058.
- 2020 construction representing Burger King's newer store footprint.
- Absolute NNN lease with ±12.5 years remaining, expiring 12/31/2038.
- 8% percentage rent above sales breakpoint with quarterly and annual financial reporting.
- Metro anchored by John Deere, Tyson Fresh Meats, and University of Northern Iowa.
Executive Summary
Adam Marek
License # S44830000, F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
License # S44830000, F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,081 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2020
Price
$2,311,369 CAD
Price Per SF
$750.20 CAD
Cap Rate
5.85%
NOI
$135,215 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.28 AC
Zoning
C
Amenities
- Drive Thru
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 8812-04-377-006 | Improvements Assessment | $1,173,441 CAD |
| Land Assessment | $481,704 CAD | Total Assessment | $1,655,145 CAD |
Property Taxes
Parcel Number
8812-04-377-006
Land Assessment
$481,704 CAD
Improvements Assessment
$1,173,441 CAD
Total Assessment
$1,655,145 CAD
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Burger King | 715 Doris Dr
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