22844 230Th AveCenterville, IA 52544

This exceptional investment opportunity presents a newly constructed (2022) 45,920 square foot distribution center in Centerville, Iowa. Located on a 7.287-acre lot at 22844 230th Ave, 52544, this single-story building boasts three dock-high doors, offering efficient loading and unloading capabilities. The property is currently under a 10-year absolute net lease, eliminating landlord responsibilities and providing a secure, passive income stream. The lease includes a favorable 8.26% cap rate and a substantial net operating income (NOI) of $241,080, with a sale price of $2,920,000 ($63.59/sq ft). The lease features a 3% annual rent escalation, ensuring consistent growth in rental income over the lease term. This property offers significant potential for long-term appreciation and a strong return on investment, making it an ideal addition to any portfolio. The tenant, RAMBO Bikes, is a rapidly growing industry leader, further solidifying the stability and future prospects of this investment. The building's modern design and strategic location provide a solid foundation for continued success. This is a rare opportunity to acquire a high-quality, income-producing asset with minimal management requirements.