Maverik Convenience
New
For Sale
$3,600,000
1925 South Lakeport Street, Sioux City, IA 51106
An absolute NNN lease has more than five years remaining on its initial term, with no landlord responsibilities.
Property Size4,940 SF
Price / SF$728.74
Days on Market2
Property Features for 1925 South Lakeport Street
General Information
Standard status
Active
Size
4,940 SF
Property subtype
Retail
Additional Details
Cap Rate
6.04%
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
CBRE - Des Moines
Listed By:
Tyler Dingel · License #S56502000
(515) 865-2985
Source:
Cbre
Added: Sep 26
Last Checked: Sep 26 at 2:45PM
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 CBRE - Des Moines
Investment Insights
Based on property information with market context.
This freestanding Maverik convenience store contains 4,940 square feet and is offered through a sale-leaseback. Its absolute NNN lease has 5+ years remaining on the initial 20-year term, which expires November 11, 2031. The lease structure places no landlord responsibilities on the owner. The stated cap rate is 6.04%.
The property is at 1925 South Lakeport Street, along a major Sioux City commercial corridor. The location offers access to surrounding retail, residential, and employment areas. More than 82,000 residents live within five miles, and average household income exceeds $73,000 within three miles.
The property is at 1925 South Lakeport Street, along a major Sioux City commercial corridor. The location offers access to surrounding retail, residential, and employment areas. More than 82,000 residents live within five miles, and average household income exceeds $73,000 within three miles.
Key Highlights
- 4,940 SF freestanding convenience store
- Absolute NNN sale‑leaseback with 5+ years remaining on the initial lease term
- Initial 20‑year lease expires November 11, 2031
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 51106, IA
28,655
Population
11,681
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
93%
High-School Grad
33.5 sq mi
ZIP Area
855
Density / Sq Mi
$74,486
Median Household Income
$40,495
Median Earnings
$1,080
Median Rent
$186,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An absolute NNN lease has more than five years remaining on its initial term, with no landlord responsibilities.
Where is this grocery and convenience store located?
The property is located at 1925 South Lakeport Street Sioux City, IA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 4,940 SF freestanding convenience store; Absolute NNN sale‑leaseback with 5+ years remaining on the initial lease term; Initial 20‑year lease expires November 11, 2031
