NNN-Leased Retail
For Sale
Contact for pricing
1255 Theatre Drive, Ottumwa, IA 52501
Fee simple retail strip is NNN-leased to Aspen Dental and Jersey Mike's.
Property Size5,074 SF
Price / SF$394.17
Days on Market124
Property Features for 1255 Theatre Drive
General Information
Standard status
Active
Size
5,074 SF
Total Parking Spaces
58
Property subtype
Retail
Zoning
CS-1 Commercial Shopping Center
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$140,497
Building Details
Year Built
2013
Tenancy
Multi
Listing Agency:
Gateway Real Estate Advisors
Listed By:
Erin Rooney, CCIM · License #20247146
(712) 898-8372
Source:
Crexi
Added: May 7
Changed: Sep 2
Last Checked: Sep 7 at 11:00AM
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 Gateway Real Estate Advisors
Investment Insights
Based on property information with market context.
This fee simple retail strip offers NNN-leased space anchored by Aspen Dental and Jersey Mike's. The property is under triple-net lease terms, with tenants reimbursing their pro rata share of CAM, taxes, and insurance, while the landlord is generally responsible for common areas, landscaping, and parking.
Both tenants are described as nationally recognized brands, each with an average remaining lease term of over five years and multiple extension options. Jersey Mike's includes a rent increase after year five and three five-year renewal options at fixed increases.
The offering is presented as a retail strip property with ownership of the land and building, leased to established operators under triple-net structures.
Both tenants are described as nationally recognized brands, each with an average remaining lease term of over five years and multiple extension options. Jersey Mike's includes a rent increase after year five and three five-year renewal options at fixed increases.
The offering is presented as a retail strip property with ownership of the land and building, leased to established operators under triple-net structures.
Key Highlights
- Fee simple retail strip offering land & building ownership
- NNN‑leased to Aspen Dental and Jersey Mike's
- Average remaining lease term over 5 years with multiple extension options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 52501, IA
30,313
Population
13,654
Households
2.2
Avg Household Size
38
Median Age
20%
College-Educated
87%
High-School Grad
225.3 sq mi
ZIP Area
135
Density / Sq Mi
$59,091
Median Household Income
$40,173
Median Earnings
$955
Median Rent
$109,600
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?
NNN property - Fee simple retail strip is NNN-leased to Aspen Dental and Jersey Mike's.
Where is this nnn property located?
The property is located at 1255 Theatre Drive Ottumwa, IA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Fee simple retail strip offering land & building ownership; NNN‑leased to Aspen Dental and Jersey Mike's; Average remaining lease term over 5 years with multiple extension options
