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1255 Theatre Drive
Ottumwa, IA 52501
Asking Price
$2.00M
Cap Rate
7.02%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 7.02% CAP | 5,074 SqFt <ul><li>Aspen Dental Management, Inc signed lease</li><li>Nationally recognized Jersey Mike's and Aspen Dental</li><li>Over 5 years of average remaining term among the tenants</li><li>Both tenants have multiple options to extend their lease showing their commitment to the site and providing long term income stability</li><li>Tenants pays for their pro rata share of CAM, taxes, insurance</li><li>Expense leakage is minimized for a future investor</li><li>Landlord responsible for common area
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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.904
Annual Cash Flow
$-38,738.846
