Foundation Building Materials NNN
110 SERGEANT SQ DR, Sergeant Bluff, IA 51054
For Sale
Contact for pricing
The building is leased to Foundation Building Materials under a triple-net agreement.
Property Size55,500 SF
Lot Size3.00 Acres
Price / SF$159.16
Days on Market25
Property Features for 110 SERGEANT SQ DR
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Gross Income
Tenant in Place
Building Details
Building Size
Tenancy
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License IA #701472
(859) 581-1113
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 3:24PM
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 Bang Realty
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Investment Insights
Based on property information with market context.
The property includes approximately 55,500 rentable square feet of building space on an estimated 3-acre parcel. Foundation Building Materials occupies the building under a 10-year triple-net lease that began October 1, 2024. The lease has no scheduled annual rent increases and provides for a one-time 2.50% increase at the option period if exercised.
Key Highlights
- Approximately 55,500 rentable square feet of building space
- Estimated 3‑acre parcel
- 10‑year triple‑net lease commenced October 1, 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$331,508
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,630,160
$6.6M
Cap Rate 7%
$4,735,829
$4.7M
Cap Rate 9%
$3,683,422
$3.7M
Market Conditions
NOI Build-Up for 55,500 SF
Gross rent
$406.3K $7.32/SF
− Vacancy
−$16.3K −$0.29/SF
EGI
$390.0K $7.03/SF
− OpEx
−$58.5K −$1.05/SF
NOI
$331.5K $5.97/SF
Area
Woodbury County, IA
Vacancy
4.00%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,630,160
Cap Rate 7%
$4,735,829
Cap Rate 9%
$3,683,422
Alternative Uses
Best Use
Warehouse
$4.74M
$4.14M – $5.53M
NOI $331,508 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.34M
$7.30M – $9.73M
NOI $583,791 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 51054, IA
5,737
Population
2,028
Households
2.8
Avg Household Size
38
Median Age
38%
College-Educated
97%
High-School Grad
38.7 sq mi
ZIP Area
148
Density / Sq Mi
$121,228
Median Household Income
$58,375
Median Earnings
$1,232
Median Rent
$292,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - The building is leased to Foundation Building Materials under a triple-net agreement.
Where is this nnn property located?
The property is located at 110 SERGEANT SQ DR Sergeant Bluff, IA.
What is the asking price?
The asking price for this property is $8,833,333.
What are key features of this property?
This property features: Approximately 55,500 rentable square feet of building space; Estimated 3‑acre parcel; 10‑year triple‑net lease commenced October 1, 2024
