Net-Leased Freestanding Retail Gas
For Sale
Contact for pricing
1002 West Street, Grinnell, IA 50112
Freestanding retail property net leased to Maverik with 10.5 years remaining on the term.
Property Size2,944 SF
Lot Size0.85 Acres
Price / SF$823.58
Days on Market97
Property Features for 1002 West Street
General Information
Standard status
Active
Size
2,944 SF
Class
A
Lot size
0.85 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Additional Details
Cap Rate
5.95%
Building Details
Year Built
2009
Tenancy
Single
Listing Agency:
CBRE - Des Moines
Listed By:
Mike Macri III, CCIM, MRED, CRE · License #IA S42743000
Source:
Crexi
Added: Jun 1
Changed: Sep 4
Last Checked: Sep 4 at 11:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Des Moines
Investment Insights
Based on property information with market context.
This offering presents a freestanding retail property configured as a gas station/automotive retail site, totaling 2,944 square feet. The property sits on 37,125 square feet of land and is currently net leased to Maverik under a lease term of fifteen years.
The asset is located at 1002 West Street in Grinnell, Iowa (50112). As a freestanding parcel, it is positioned to serve motorists and the surrounding retail demand tied to an automotive-oriented use.
For buyers seeking a single-tenant, net-leased structure in the retail gas station category, this property provides a stabilized lease arrangement with 10.5 years remaining. Maverik’s occupancy under the existing agreement is a key factor in evaluating tenant continuity and near-term operational expectations.
The asset is located at 1002 West Street in Grinnell, Iowa (50112). As a freestanding parcel, it is positioned to serve motorists and the surrounding retail demand tied to an automotive-oriented use.
For buyers seeking a single-tenant, net-leased structure in the retail gas station category, this property provides a stabilized lease arrangement with 10.5 years remaining. Maverik’s occupancy under the existing agreement is a key factor in evaluating tenant continuity and near-term operational expectations.
Key Highlights
- Freestanding retail property totaling 2,944 SF on 37,125 SF of land
- Net leased to Maverik for 15 years, with 10.5 years remaining on the lease term
- Construction year: 2009
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 37%
Groceries 16%
Home Improvements & Furnishings 4%
McDonald's
Dining
16,308 visits/mo
0.4 miles
Fareway
Groceries
11,584 visits/mo
0.3 miles
Kum & Go
Shops & Services
10,654 visits/mo
0.1 miles
Taco John's
Dining
8,582 visits/mo
0.1 miles
Casey's General Store
Shops & Services
7,357 visits/mo
0.2 miles
Demographics for 50112, IA
11,849
Population
5,018
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
96%
High-School Grad
182.2 sq mi
ZIP Area
65
Density / Sq Mi
$64,707
Median Household Income
$34,301
Median Earnings
$863
Median Rent
$198,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Freestanding retail property net leased to Maverik with 10.5 years remaining on the term.
Where is this gas station located?
The property is located at 1002 West Street Grinnell, IA.
What is the asking price?
The asking price for this property is $2,424,621.
What are key features of this property?
This property features: Freestanding retail property totaling 2,944 SF on 37,125 SF of land; Net leased to Maverik for 15 years, with 10.5 years remaining on the lease term; Construction year: 2009
