Modern Restaurant
For Sale
Contact for pricing
4045 Hammond Avenue, Waterloo, IA 50613
Completed in 2018 and occupied under a long-term lease with annual rent growth.
Property SizeContact for details
Days on Market145
Property Features for 4045 Hammond Avenue
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
2018
Listing Agency:
Passco Properties
Listed By:
Nick Pass · License #MO 2015005301
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 11:00PM
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 Passco Properties
Investment Insights
Based on property information with market context.
This conventional restaurant property was completed in 2018 using the latest Perkin's model. The building is occupied by an established operator within the Perkin's system, providing an existing operating platform for the property.
The offering is structured as a sale-leaseback with a long-term lease in place. Contractual rent increases are set at 1% annually, and the tenant currently operates 17 locations. The reported rent-to-sales ratio is 7.31%, providing an operating metric for evaluating the leased restaurant asset.
The offering is structured as a sale-leaseback with a long-term lease in place. Contractual rent increases are set at 1% annually, and the tenant currently operates 17 locations. The reported rent-to-sales ratio is 7.31%, providing an operating metric for evaluating the leased restaurant asset.
Key Highlights
- 2018 construction using the latest Perkin's model
- Sale‑leaseback structure with a long‑term lease in place
- 1% annual rent increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
409k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 22%
Dining 21%
Groceries 19%
Home Improvements & Furnishings 17%
Walmart
Superstores
92,036 visits/mo
0.3 miles
Hy-Vee
Groceries
53,742 visits/mo
0.4 miles
Menards
Home Improvements & Furnishings
48,812 visits/mo
0.2 miles
Chick-fil-A
Dining
46,408 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
27,956 visits/mo
0.5 miles
Demographics for 50613, IA
43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Hibachi Sushi Buffet — 1535 Flammang Dr, Waterloo, IA 50702
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Completed in 2018 and occupied under a long-term lease with annual rent growth.
Where is this conventional restaurant located?
The property is located at 4045 Hammond Avenue Waterloo, IA.
What are key features of this property?
This property features: 2018 construction using the latest Perkin's model; Sale‑leaseback structure with a long‑term lease in place; 1% annual rent increases
