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End-Cap Retail Space with Drive-Through

2060 Sovia Drive #101-103, Waterloo, IA 50702

For Lease
$20 SF/Yr CAM $5.22 /USD/SF/YR

The space can be divided to suit a range of tenant sizes and concepts.

Space Size3,770 SF
Property Size82,449 SF
Days on Market448

Property Features for 2060 Sovia Drive #101-103

General Information

Standard status Active
Size 3,770 SF
Net Rentable 3,770 SF
Zoning C-2
Lease Type NNN

Space & Availability

Contiguous Space 3,770 SF
Divisible Yes
Space Use Retail

Site & Location

End Cap Yes
Anchor Co-Tenants Planet Fitness, Iowa DOT, Diamond Nails, One Vision, Target, Kwik Star, CVS
Highway Access Yes

Additional Details

CAM $5.22 /SF/YR

Taxes and HOA fees

Annual Taxes $339,098

Building Details

Building Size 82,449 SF
Year Built 1975
Tenancy Multi
Listing Agency: Lockard Realty Company
Listed By: Lindsey McEnaney · License IA S70812000
Source: Gnbrealestate
Added: Aug 20, 2025 Changed: Nov 8 Last Checked: Nov 9 at 10:06AM

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 Lockard Realty Company

Rey
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Investment Insights

Based on property information with market context.

This end-cap retail space at Crossing Point Plaza offers approximately 3,770 square feet, drive-through capability, and the option to subdivide. It is zoned C-2 and was built in 1975.

The property is on East San Marnan Drive near the I-380 and US 218 interchange in Waterloo. Plaza co-tenants include Planet Fitness, Iowa DOT, Diamond Nails, and One Vision. Nearby retail anchors include Target, Kwik Star, and CVS.

Key Highlights

  • Approximately 3,770 square feet of end‑cap retail space
  • Drive‑through capability
  • Divisible to accommodate different tenant sizes and concepts

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

One Vision Thrift ... Discount Store Planet Fitness Gym & Fitness Center Waterloo Driver's License ... Driver'S License Office American Freight Furniture, ... Furniture & Home Goods Conspiratorial Portable Toilets ... Building Supply

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Daycare Center HVAC Service Garden Center

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

535
Businesses Nearby
380k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 51% Superstores 21% Shops & Services 18% Home Improvements & Furnishings 3%
Target Superstores
80,027 visits/mo 0.4 miles
Kwik Trip Shops & Services
41,329 visits/mo 0.2 miles
McDonald's Dining
25,439 visits/mo 0.3 miles
Freddy's Frozen Custard & Steakburgers Dining
17,127 visits/mo 0.2 miles
LongHorn Steakhouse Dining
16,750 visits/mo 0.4 miles

Demographics for 50702, IA

20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Waterloo, IA

$20.16 /SF/Yr
Avg Asking Price
$6–$40 /SF/Yr
Price Range
15,146 SF
Avg Space Size

This space is priced 1% below the average of $20.16 /SF/Yr.

Average Price Trend$/SF/Yr for Retail space in Waterloo, IA

$16.91 Jul
$20.48 Aug
$21.79 Sep
$20.16 Oct

Properties on Market for Retail space in Waterloo

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The space can be divided to suit a range of tenant sizes and concepts.
Where is this retail space located?
The property is located at 2060 Sovia Drive #101-103 Waterloo, IA.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Approximately 3,770 square feet of end‑cap retail space; Drive‑through capability; Divisible to accommodate different tenant sizes and concepts
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