MAVERIK 1002 West Street
Grinnell, IA 50112
For Sale
2,944 sqft
Sale Price
$2,530,947
Brochure
Map
Retail For Sale - Available Immediately
2,944 SF for Sale in Grinnell, Iowa
100% Bonus Depreciation
Ideal property for 1031 exchange
Zero landlord responsibilities
Corporate Lease with MAVERIK.
15 Year Absolute Triple Net Lease from date of purchase
7.5% rent increase effective every 5 years during initial term
Five 5-year options to renew with a 5% rent increase per option
Corporate Environmental Indemnification
2026 marks MAVERIK’s 98th year of business
Excellent credit tenant ranked 12th largest convenience store operator in the nation
Get in touch
Mike Macri, CCIM
CBRE is pleased to offer for sale a 2,944 square foot freestanding retail property on 37,125 square feet of land which is net leased to Maverik for fifteen years.
Investment Summary:
Price: $2,530,947
Cap Rate: 5.95%
Size: 2,944 SF (Bldg)
37,125 SF (Lot)
10.5 year remaining on lease
Investment Summary:
Price: $2,530,947
Cap Rate: 5.95%
Size: 2,944 SF (Bldg)
37,125 SF (Lot)
10.5 year remaining on lease
Total Space Available
2,944 sqft
Sale Price
$2,530,947
Get in touch
Mike Macri, CCIM