701 Davis Ave

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701 Davis Ave

Corning, IA 50841
Asking Price
$2.48M
Cap Rate
7.5%
Asset Type
Bank Retail
Class
Class B

What's Special

Absolute NNN Bank Branch | 17-Yr Term w/ 2.5% Annual Bumps | $71M Deposits | $98K AHHI | 7.50% <ul><li>​±16 years of primary lease term remaining</li><li>​Absolute NNN Lease with zero landlord responsibilities</li><li>​$71.2 million in 2025 bank branch deposits<ul><li>​<em>32% CAGR deposit growth over the past two years</em></li></ul></li><li>​Corning functions as a retail and service hub for Cass County</li><li>​Sub‑portfolio options available, including 11 total sites across 4 states (IA, IL, ND, WI)</li><li>​$98,000 average household income within a five‑mile radius</li><li>​28% increa

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NOI
$80,000
Cap Rate
3.23%
DSCR
0.54
Underwater
Cash-on-Cash
-9.04%
Monthly Payment
$12,269.687
Annual Cash Flow
$-67,236.242

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