1002 Jeffreys DrOsceola, IA 50213

For Sale
$428,500

High-Yield QSR Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional sale-leaseback opportunity presents a 2,520-square-foot Pizza Hut restaurant located at 1002 Jeffreys Dr, Osceola, IA 50213. Built in 1975, this single-story building sits on a 0.618-acre lot and boasts a strong 7.00% cap rate, generating a net operating income (NOI) of $30,000. The property features a lease expiring December 31, 2032, providing a substantial remaining lease term of 8.1 years with a favorable 1% annual rent increase. The asking price is $428,500, translating to a price per square foot of $170.04. This investment is further enhanced by the presence of a seasoned, multi-unit operator (30+ units) and the availability of seller financing. The property's strong financials, coupled with the established brand recognition of Pizza Hut and the long-term lease, make this a compelling investment opportunity in the thriving Osceola, Iowa market. This sale-leaseback transaction offers a secure and profitable investment with significant upside potential. The property's location in Clarke County provides convenient access to a substantial customer base.

Highlights

  • Sale-leaseback opportunity expiring December 31, 2032.
  • Rent escalates 1% annually.
  • Strong rent-to-sales ratio.
  • Experienced multifamily operator with 30+ units.
  • Seller financing offered.

Property Details for 1002 Jeffreys Dr

Property type
Other retail properties, Restaurants
Square Feet
2,520 SF
Year Built
1975
Stories
1
Lot Size (sq. ft)
26,920 SF

Location Insight

City
Osceola
County
Clarke
State
Iowa
Latitude
41.029463334325
Longitude
-93.779743792328
1002 Jeffreys Dr, Osceola, Iowa

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1002 Jeffreys Dr
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