NNN Furniture Retail
2502 17th Street Spirit Lake, IA 51360
2502 17th Street, Spirit Lake, IA, 51360
$3,911,000
For Sale
$3,911,000
Fee-simple NNN leased furniture retail property with a long-term tenant lease through June 2031.
Days on Market13
Property Features for 2502 17th Street
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 1984
Listing agency
SRS Industrial - Newport Beach
(303) 884-6659
Listed by
Steven Roberts · License #CA 01732226
(303) 884-6659
Source
Srsre
Added: Jul 10 Checked: Jul 21 at 2:59AM
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Investment Insights
Based on property information with market context.
SRS Real Estate Partners is pleased to offer the fee simple interest (land and building ownership) in an NNN leased furniture retail investment property occupied by Furniture Mart USA, Inc. The tenant operates under a long-term lease through June 2031 with four five-year options to extend.
The property is positioned adjacent to Walmart in Spirit Lake, Iowa. Roof, HVAC, and parking lot replacement costs are shared with 1/3 tenant and 2/3 landlord responsibility.
This offering is exclusively available as part of a two-property portfolio sale that must be purchased together with a separate Furniture Mart property in Yankton, South Dakota.
The property is positioned adjacent to Walmart in Spirit Lake, Iowa. Roof, HVAC, and parking lot replacement costs are shared with 1/3 tenant and 2/3 landlord responsibility.
This offering is exclusively available as part of a two-property portfolio sale that must be purchased together with a separate Furniture Mart property in Yankton, South Dakota.
Key Highlights
- Fee‑simple NNN leased furniture retail property in Spirit Lake, Iowa
- Built in 1984
- Long‑term lease with Furniture Mart USA, Inc. through June 2031, with four (5‑year) renewal options
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Fee-simple NNN leased furniture retail property with a long-term tenant lease through June 2031.
Where is this nnn property located?
The property is located at 2502 17th Street Spirit Lake, IA.
What is the asking price?
The asking price for this property is $3,911,000.
What are key features of this property?
This property features: Fee‑simple NNN leased furniture retail property in Spirit Lake, Iowa; Built in 1984; Long‑term lease with Furniture Mart USA, Inc. through June 2031, with four (5‑year) renewal options
