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1002 West Street
Grinnell, IA 50112
Asking Price
$2.42M
Cap Rate
5.95%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Absolute NNN Investment Property For Sale <ul><li>100% Bonus Depreciation</li><li>Ideal property for 1031 exchange</li><li>Zero landlord responsibilities</li><li>Corporate Lease with MAVERIK.</li><li>15 Year Absolute Triple Net Lease from date of purchase</li><li>7.5% rent increase effective every 5 years during initial term (Next Rent Increase: 2029)</li><li>Five 5-year options to renew with a 5% rent increase per option</li><li>Corporate Environmental Indemnification</li><li>2026 marks MAVERIK's 98th year of business</li><li>
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NOI
$80,000
Cap Rate
3.30%
DSCR
0.56
Underwater
Cash-on-Cash
-8.79%
Monthly Payment
$11,995.706
Annual Cash Flow
$-63,948.471
