Fee Simple NNN Convenience
1005 Gordon Dr Sioux City, IA 51101
For Sale
Contact for pricing
Pending
Fully depreciable Kum & Go fee simple NNN with 16 years remaining on a 20-year lease term.
Days on Market104
Property Features for 1005 Gordon Dr
General Information
- Standard status
- Pending
- Property subtype
- Retail, Land
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Marc Mandel · License #NJ
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 2:36AM
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
Location Intelligence
Current Use by Public Records
Kum & Go
Gas Station
Shell Recharge Charging ...
Electric Vehicle Charging Station
Greenlots Charging Station
Electric Vehicle Charging Station
Western Union
Bank
FAQs
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
