Fee Simple NNN Convenience
For Sale
Contact for pricing
Pending
1005 Gordon Dr, Sioux City, IA 51101
Fully depreciable Kum & Go fee simple NNN with 16 years remaining on a 20-year lease term.
Property SizeContact for details
Days on Market150
Property Features for 1005 Gordon Dr
General Information
Standard status
Pending
Property subtype
Retail, Land
Listing Agency:
Forged Real Estate
Listed By:
Marc Mandel · License #NJ
(610) 608-2621
Source:
Crexi
Added: Apr 11
Changed: Sep 6
Last Checked: Sep 7 at 5:55AM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
Offered on a fee simple NNN basis, this property is fully depreciable and leased to Kum & Go. The asset has 16 years remaining of an initial 20-year lease term, with 5% rental increases every five years. The listing notes four (4), five-year options are in place, and the next 5% rental increase is scheduled for January 2021.
The site is positioned at a fully signalized intersection of Gordon Drive (Route 20) and Virginia Street. Gordon Drive is described as a main corridor serving over 17,000 vehicles per day, and the property is also stated to be easily accessible from Route 29 (29,000 vehicles per day) via the newly constructed Exit 147B, placing vehicles about 0.1 miles from the property.
The surrounding area is described as being supported by national retailers, including The Home Depot, Walgreens, Ashley Home Furniture, IHOP, Burger King, Arby’s, Perkins Restaurant, and Hardee’s.
The site is positioned at a fully signalized intersection of Gordon Drive (Route 20) and Virginia Street. Gordon Drive is described as a main corridor serving over 17,000 vehicles per day, and the property is also stated to be easily accessible from Route 29 (29,000 vehicles per day) via the newly constructed Exit 147B, placing vehicles about 0.1 miles from the property.
The surrounding area is described as being supported by national retailers, including The Home Depot, Walgreens, Ashley Home Furniture, IHOP, Burger King, Arby’s, Perkins Restaurant, and Hardee’s.
Key Highlights
- Fully depreciable, fee simple NNN Kum & Go with 16 years remaining on an initial 20‑year lease term
- Lease includes 5% rental increases every five years, with four (4) five‑year options in place
- Next 5% rental increase scheduled for January 2021
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,940
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Kum & Go
Shops & Services
24,845 visits/mo
0.1 miles
Perkins Restaurant & Bakery
Dining
12,378 visits/mo
0.3 miles
Scooter's Coffee
Dining
9,728 visits/mo
0.2 miles
Hardee's
Dining
6,151 visits/mo
0.1 miles
Sinclair
Shops & Services
1,976 visits/mo
0.5 miles
Demographics for 51101, IA
1,146
Population
723
Households
1.6
Avg Household Size
39
Median Age
11%
College-Educated
84%
High-School Grad
1.2 sq mi
ZIP Area
955
Density / Sq Mi
$18,103
Median Household Income
$25,661
Median Earnings
$676
Median Rent
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully depreciable Kum & Go fee simple NNN with 16 years remaining on a 20-year lease term.
Where is this nnn property located?
The property is located at 1005 Gordon Dr Sioux City, IA.
What are key features of this property?
This property features: Fully depreciable, fee simple NNN Kum & Go with 16 years remaining on an initial 20‑year lease term; Lease includes 5% rental increases every five years, with four (4) five‑year options in place; Next 5% rental increase scheduled for January 2021
