Equipped Restaurant
For Sale
Contact for pricing
1780 Stonegate Center Drive, Burlington, IA 52601
The restaurant is situated within Comfort Suites, with kitchen equipment, furnishings, utilities, and parking included.
Property Size6,000 SF
Price / SF$0.83
Days on Market214
Property Features for 1780 Stonegate Center Drive
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$252,158
Building Details
Year Built
2004
Units
1
Listing Agency:
Century 21/Property Profession
(319) 753-6000
Listed By:
Brady Heuvelmann · License #716564000
(319) 850-9319
Source:
Davisandpalmer
Added: Mar 30
Changed: Oct 25
Last Checked: Oct 26 at 3:41AM
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 Century 21/Property Profession
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Investment Insights
Based on property information with market context.
Located inside Comfort Suites, this restaurant property contains approximately 6,000 square feet of space. The kitchen has existing equipment, and the restaurant furnishings, including tables and seating, are included. Utilities are also included, and parking is available.
Built in 2004, the property combines restaurant space and kitchen infrastructure within a hotel setting. Its address is 1780 Stonegate Center Drive in Burlington, Iowa.
Built in 2004, the property combines restaurant space and kitchen infrastructure within a hotel setting. Its address is 1780 Stonegate Center Drive in Burlington, Iowa.
Key Highlights
- Approximately 6,000 square feet of restaurant space
- Kitchen includes existing equipment
- Tables, seating, and other furnishings included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,665
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,300
$1.0M
Cap Rate 7%
$738,071
$738.1K
Cap Rate 9%
$574,056
$574.1K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$73.4K $12.24/SF
− Vacancy
−$4.6K −$0.76/SF
EGI
$68.9K $11.48/SF
− OpEx
−$17.2K −$2.87/SF
NOI
$51.7K $8.61/SF
Area
Des Moines County, IA
Vacancy
6.20%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,300
Cap Rate 7%
$738,071
Cap Rate 9%
$574,056
Alternative Uses
Best Use
Specialty Retail
$738.1K
$645.8K – $861.1K
NOI $51,665 @ 7.0% cap · market cap 1,033.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,952 @ 7.0% cap · market cap 2,099.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Comfort Suites
Hotels & Casinos
2,244 visits/mo
0.1 miles
Demographics for 52601, IA
27,899
Population
14,107
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
94%
High-School Grad
109.3 sq mi
ZIP Area
255
Density / Sq Mi
$57,123
Median Household Income
$35,594
Median Earnings
$921
Median Rent
$125,500
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant is situated within Comfort Suites, with kitchen equipment, furnishings, utilities, and parking included.
Where is this conventional restaurant located?
The property is located at 1780 Stonegate Center Drive Burlington, IA.
What are key features of this property?
This property features: Approximately 6,000 square feet of restaurant space; Kitchen includes existing equipment; Tables, seating, and other furnishings included
