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Free-Standing Restaurant with Drive-Thru
For Lease
$33 SF/Yr

215 E Donald St, Waterloo, IA 50703

Free-standing restaurant/retail building with a drive-thru, ample parking, and dedicated entry and exit on a heavily trafficked highway.

Space SizeContact for details
Property Size3,081 SF
Lot Size1.05 Acres
Days on Market21

Property Features for 215 E Donald St

General Information

Standard status Active
Size 3,081 SF
Lot size 1.05 Acres

Additional Details

Highway Access Yes

Building Details

Year Built 2020
Listing Agency: AWRE - Commercial & Development
Listed By: Lindsey McEnaney · License #S70812000
Source: Kwlegacyrealty
Added: Jul 20 Changed: Aug 8 Last Checked: Aug 8 at 8:06AM

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 AWRE - Commercial & Development

Investment Insights

Based on property information with market context.

Free-standing restaurant/retail space on a 1.05-acre lot with approximately 3,081 square feet. The property includes a drive-thru and ample parking, with dedicated entry and exit points designed for straightforward customer access.

Located along HWY 63 in a highly visible, heavily trafficked area. The site is surrounded by prominent area uses including UnityPoint Health Clinic, The Union’s 180-unit apartment complex, Walgreens, and Kwik Star.

This configuration supports quick-service operations and high-volume retail given the drive-thru access and direct, easy entry/exit design.

Key Highlights

  • Free‑standing restaurant/retail space built in 2020
  • Located on a 1.05‑acre lot with approximately 3,081 SF building area
  • Drive‑thru available for quick‑service operations

Property Analytics

Current Use

Burger King Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Dental Office Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$4.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

599
Businesses Nearby
65k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 60% Dining 38% Hotels & Casinos 1%
Kwik Trip Shops & Services
30,218 visits/mo 0.1 miles
McDonald's Dining
15,406 visits/mo 0.3 miles
Dollar Tree Shops & Services
6,639 visits/mo 0.5 miles
Taco Bell Dining
5,956 visits/mo 0.2 miles
SUBWAY Dining
3,752 visits/mo 0.4 miles

Demographics for 50703, IA

18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Free-standing restaurant/retail building with a drive-thru, ample parking, and dedicated entry and exit on a heavily trafficked highway.
Where is this drive through restaurant located?
The property is located at 215 E Donald St Waterloo, IA.
What is the lease rate?
The lease rate is $33 SF/Yr.
What are key features of this property?
This property features: Free‑standing restaurant/retail space built in 2020; Located on a 1.05‑acre lot with approximately 3,081 SF building area; Drive‑thru available for quick‑service operations
More about this property
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