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🏢 Just listed — Bank Retail for sale in Grimes, IA.

📍 331 Northeast Cypress Drive, Grimes, IA
🏷  Bank Retail · For Sale
💰 Contact for price

Hy-Vee Shadow Anchored Location; Adjacent to 50-Acre Grimes Multi-Sport Complex

<ul><li>100% Absolute Triple Net Lease - Zero Landlord Responsibilities</li><li>Investment Grade Tenancy (S&P “A+”) </li><li>Low Basis Opportunity + Large 1-Acre Lot</li><li>Rare, 2% Annual Rent 

Full financials, photos, and broker contact:
https://commrty.com/property/iowa/grimes/new-stnl-us-bank-absolute-nnn-2-annual-increases-2485823-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=new-stnl-us-bank-absolute-nnn-2-annual-increases-2485823

#Grimes #Retail #CommercialRealEstate #CRE #Investment

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Home/IA/Grimes

331 Northeast Cypress Drive

Grimes, IA 50111

Asking Price

Contact for price

Asset Type

Bank Retail

Class

Class B

What's Special

Hy-Vee Shadow Anchored Location; Adjacent to 50-Acre Grimes Multi-Sport Complex <ul><li>100% Absolute Triple Net Lease - Zero Landlord Responsibilities</li><li>Investment Grade Tenancy (S&P “A+”) </li><li>Low Basis Opportunity + Large 1-Acre Lot</li><li>Rare, 2% Annual Rent Increases</li><li>Significant Development in the Immediate Area - Over $885m Invested Since 2018</li></ul>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

8.00%

DSCR

1.35

Strong

Cash-on-Cash

6.88%

Monthly Payment

$4,947.454

Annual Cash Flow

$20,630.547

Location & Travel Times

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Class B

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