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Drive-Thru Restaurant Portfolio
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3831 8th Street SW, Altoona, IA 50009

Portfolio includes seven built-out freestanding drive-thru restaurants and one corner land parcel with dual street frontage.

Days on Market5

Property Features for 3831 8th Street SW

General Information

Standard status Active
Property subtype Retail, Restaurant, Land

Space & Availability

Space Use Restaurant
Furnished Yes

Amenities

drive-thru
menu boards
exterior freestanding signage
hood systems
walk-in coolers
grease traps
Listing Agency: SVN | CREATE Commercial Real Estate Advisors
Listed By: Nora Walsh · License #IA S66842000
Source: Crexi
Added: Jul 27 Changed: Jul 30 Last Checked: Jul 30 at 2:14AM

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 SVN | CREATE Commercial Real Estate Advisors

Investment Insights

Based on property information with market context.

This portfolio comprises seven built-out freestanding restaurant buildings and one land parcel, all featuring drive-thru service with menu boards. Each restaurant property includes exterior freestanding signage, 20'+ hood systems, walk-in coolers, and grease traps, with furniture, fixtures, and equipment included.

The properties are located in high-traffic retail corridors across Iowa, positioned near top-performing QSR locations.

A separate Cedar Falls parcel is a 1.06-acre corner lot with dual street frontage. The site has level topography and utilities to the site, making it suitable for retail or restaurant development.

Key Highlights

  • Seven built‑out freestanding restaurant buildings plus one land parcel
  • Drive‑thru with menu boards at every restaurant location
  • Exterior freestanding signage on the restaurant properties

Property Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Law Firm HVAC Service Auto Parts Store Dental Office Parking Lot & Garage Big Box & Wholesale 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

384
Businesses Nearby
324k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 32% Superstores 27% Shops & Services 16% Home Improvements & Furnishings 11%
Target Superstores
88,073 visits/mo 0.4 miles
Lowe's Home Improvements & Furnishings
33,501 visits/mo 0.3 miles
McDonald's Dining
25,893 visits/mo 0.1 miles
Altoona #3 Shops & Services
23,623 visits/mo 0.3 miles
Aldi Groceries
23,498 visits/mo 0.4 miles

Demographics for 50009, IA

21,230
Population
8,829
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
96%
High-School Grad
27.9 sq mi
ZIP Area
761
Density / Sq Mi
$90,393
Median Household Income
$52,227
Median Earnings
$1,201
Median Rent
$261,800
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
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Portfolio includes seven built-out freestanding drive-thru restaurants and one corner land parcel with dual street frontage.
Where is this drive through restaurant located?
The property is located at 3831 8th Street SW Altoona, IA.
What are key features of this property?
This property features: Seven built‑out freestanding restaurant buildings plus one land parcel; Drive‑thru with menu boards at every restaurant location; Exterior freestanding signage on the restaurant properties
(515) 416-7930 Call to check price and availability
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