3053 8th Street Southwest

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3053 8th Street Southwest

Altoona, IA 50009
Asking Price
$4.67M
Cap Rate
6.35%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

10-Year Chipotle & Dunkin Donuts Drive-Thru | 6.35% Cap | $ 4.7M <ul><li>​<strong>New 10-Year Lease with Chipotle & Dunkin’ Drive Thru Endcaps </strong><ul><li>​The retail strip is bookended with nationally leased endcaps featuring a new 10-year lease with Chipotle and a Dunkin’ Donuts drive thru</li></ul></li><li>​<strong>Exceptional Mix of Nationally Recognized, Service Oriented Tenancy </strong><ul><li>​Featuring a complementary blend of nationally recognized brands and internet resistant service retailers, including Chipotle, Dunkin’ (drive-thru), Supercu

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NOI
$80,000
Cap Rate
1.71%
DSCR
0.29
Underwater
Cash-on-Cash
-14.07%
Monthly Payment
$23,079.875
Annual Cash Flow
$-196,958.496

Location & Travel Times