NNN-Leased Retail
1255 Theatre Drive Ottumwa, IA 52501
1255 Theatre Drive, Ottumwa, IA, 52501
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For Sale
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Fee simple retail strip is NNN-leased to Aspen Dental and Jersey Mike's.
Property Size5,074 SF
Price / SF$394.17
Days on Market78
Property Features for 1255 Theatre Drive
General Information
- Standard status
- Active
- Size
- 5,074 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2013
Listing agency
Gateway Real Estate Advisors
(712) 898-8372
Listed by
Erin Rooney, CCIM · License #B42992000
Source
Crexi
Added: May 7 Updated: Jul 23 at 12:45AM Checked: Jul 23 at 12:45AM
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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
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
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
