506 Elm StDe Soto, IA 50069

This exceptional 11,750-square-foot industrial warehouse in De Soto, Iowa, presents a unique sale-leaseback opportunity. Located at 506 Elm St, this single-story, Class B building boasts all-steel construction and sits on a 0.57-acre lot. Built in 1987 and renovated in 2021, the property features two units, each approximately 5,875 square feet. Currently, the occupancy is 50%, with the current owner leasing back half the space at $4,000 per month NNN. This leaves 5,875 square feet available for immediate occupancy or leasing to a third party. The property is zoned C and offers convenient access to a nearby railroad spur, along with permitted outside storage. The asking price is $1,100,000, representing a price per square foot of $93.62 and a price per unit of $550,000. The property's Net Operating Income (NOI) is $48,000, yielding a 4.36% cap rate. This investment presents a compelling blend of immediate income and future growth potential. The property's location in De Soto, Iowa, within Dallas County (zip code 50069), offers a strategic advantage for businesses seeking efficient logistics and operations. This is a single-tenant, NNN lease property.