Auto Service - Gas-Conv
Music Station Gas Station
709 1st St W, Independence, IA 50644
Listing Price: $1,400,000
Cap Rate
8.00%
Tenant Name
Music Station
Years Remaining On Lease
20.0
Gross SF
2,000
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Price/Gross SF
$700.00
Lease Type
Absolute Net
Rent Per Square Feet
$56.00
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale the Music Station in Independence, IA.
Broker of Record
Listing Price: $1,400,000
Cap Rate
8.00%
Tenant Name
Music Station
Years Remaining On Lease
20.0
Gross SF
2,000
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Price/Gross SF
$700.00
Lease Type
Absolute Net
Rent Per Square Feet
$56.00
Investment Highlights
- New 20-Year Absolute NNN Lease
- Strong Financials
- Diverse Revenue Streams & Prime Location
- Fixed 10% Rental Increases
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale the Music Station in Independence, IA.
Broker of Record
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