700 11TH ST SW

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700 11TH ST SW

SPENCER, IA 51301-5563
Asking Price
$5.33M
Cap Rate
8%
Asset Type
Retail
Class
Class B

What's Special

TJ Maxx Anchored Center | Adjacent to a Walmart Supercenter | 5.7-Years of WALT <ul><li>​Prime Location| Situated on the main retail corridor in Spencer, providing unique tenant appeal and longterm real estate value.</li><li>​High Credit Anchor Tenant | TJ Maxx committed to a long-term lease at the site, and has an S&P Credit Rating of “A” and over 1,300 locations nationwide.</li><li>​Only TJ Maxx within a 50-Mile Radius | TJ Maxx experiences over 295,000+ Annual Visitors, per Placer.ai.</li><li>​Minimal Landlord Responsibilities All tenants operate under NNN leases, limiti

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NOI
$80,000
Cap Rate
1.50%
DSCR
0.25
Underwater
Cash-on-Cash
-14.79%
Monthly Payment
$26,394.669
Annual Cash Flow
$-236,736.029

Location & Travel Times