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122 N Main Street
Monticello, IA 52310
Asking Price
$5.64M
Cap Rate
6.85%
Asset Type
Grocery Store Retail
Class
Class B
What's Special
Hy-Vee | 6.85% CAP | 10.8 Years of Term <p>$1M+ STORE CONVERSION IN PROCESS | CORPORATELY GUARANTEED LEASE WITH HY-VEE, INC. | DOMINANT REGIONAL GROCER | 300+ UNIT OPERATOR IN THE MIDWEST | OVER $13 BILLION IN SALES</p><p></p><p>15-YEAR ORIGINAL COMMITMENT + 6 (5-YEAR) OPTIONS | 10.8 YEARS OF PRIMARY TERM REMAINING | 5.00% RENTAL INCREASES AT EACH OPTION STARTING WITH OPTION 2</p><p></p><p>ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES | FEE SIMPLE OWNERSHIP</p><p></p><p>LOCATED AT THE INTERSECTION OF E 1ST STREET & N MAIN STREET
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NOI
$80,000
Cap Rate
1.42%
DSCR
0.24
Underwater
Cash-on-Cash
-15.06%
Monthly Payment
$27,893.748
Annual Cash Flow
$-254,724.974
