2750 Heartland Drive, Coralville, IA 52241
Fee simple interest in an Aldi grocery site leased under an absolute net ground lease structure.
- Added:
- Jun 16, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 20 at 8:10 am
Property Features for 2750 Heartland Drive
General Information
- Standard status
- Active
- Size
- 18,783 SF
- Lot size
- 2.20 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2015
Listing agent Josh Seamans License #IA B57696000
Listing office WSG CRE (319) 343-5542
Listing date Jun 16, 2026
Source Crexi
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 WSG CRE
HighLights
- Fee simple interest in a 2.2‑acre site with an Aldi grocery store
- Leased under an absolute net ground lease with 9+ years of term remaining
- Tenant operates the property on an absolute net ground lease structure
- Located in Coralville within the Iowa City MSA, with nearby national retailers including Costco, Walmart, and Raising Cane's
Overview
The site is located in Coralville within the Iowa City MSA. The surrounding retail mix includes well-known national retailers such as Costco, Walmart, and Raising Cane’s, supporting a consumer-focused neighborhood environment.
For investors seeking a single-tenant retail grocery asset structured as an absolute net ground lease, this property offers a straightforward ownership position with an operating tenant already in place. The remaining lease term provides near-term income visibility, while the fee simple ownership of the underlying land supports long-term control of the site. This offering is best suited for buyers looking for a grocery ground lease investment anchored by a recognized tenant.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $290.8k | $15.48 |
| − Vacancy | −$24.5k | −$1.31 |
| EGI | $266.2k | $14.17 |
| − OpEx | −$66.6k | −$3.54 |
| NOI | $199.7k | $10.63 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Target Grocery — 1441 Coral Ridge Ave, Coralville, IA 52241
Location Insight
- Map
- Local Demand
- City
- Coralville
- County
- Johnson
- State
- Iowa
- Longitude
- -91.6107046
- Latitude
- 41.7000103
