Lease with Attractive 7.00% Rental Escalations Every 5 Years. Jam Restaurant Group is an Experienced Franchisee & Multi-Unit Guarantor that Currently Owns & Operates 8 Popeye Locations, 3 Under Development (2022) with 10 Additional Planned – 21 Total Units by YE 2024. Tenant has Increased Their Sales Over 150% for the Iowa Market Since 2019. Situated on a Large ±1.219-Acre Lot – Pad Site to a Hobby Lobby Shopping Center with Excellent Visibility on SE 14th St where Traffic Counts Exceed 48,940 CPD. 2021 DEMOGRAPHICS (5-MI): Total Population: 97,634 | Average Household Income: $70,587.
| Price: | $2,875,000 |
|---|---|
| Status: | Available |
| CAP: | 5.15% |
| Years Left: | 20.1 |
| Lease Type: |
Fee simple interest in a Sherwin-Williams Store at 5725 Sunnybrook Drive, Sioux City Iowa. The building has 4,500 square feet and located in strong retail cooridor next to large big box retailers including: Target, Lowes, Hobby Lobby, Marshalls, Bed, Bath and Beyond and McDonalds. Sunnybrook is right off of I-75 freeway with over 13,000 direct traffic at the store. The tenant just recently renewed it’s lease in 2021 and has 10% rental increases every 5 years.
| Price: | $1,990,000 |
|---|---|
| Status: | Available |
| CAP: | 5.27% |
| Years Left: | 10.3 |
| Lease Type: |
| Price: | $3,334,000 |
|---|---|
| Status: | Available |
| CAP: | 4.50% |
| Years Left: | 19.2 |
| Lease Type: |
