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Gas Station with Convenience Store

418 S Federal Ave, Mason City, IA 50401

For Sale
Contact for pricing

The property is offered under a 15-year absolute NNN lease.

Property SizeContact for details
Days on Market22

Property Features for 418 S Federal Ave

General Information

Standard status Active
Property subtype Retail

Automotive

Automotive Uses fuel station
Convenience Store Yes

Tenancy & Operations

Tenant in Place Yes
In-Place Lease Type Absolute NNN
Real Estate Included Yes
Listing Agency: Century Partners RE
Listed By: Joshua Berger · License CA #01984719
Source: Crexi
Added: Oct 19 Changed: Nov 8 Last Checked: Nov 8 at 4:53PM

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 Century Partners RE

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Investment Insights

Based on property information with market context.

This gas station and convenience-store property is offered with a 15-year absolute NNN lease. The available property information identifies the asset type and lease structure but provides no building or site measurements to describe further.

At 418 S Federal Ave in Mason City, the property is in a regional hub serving North Iowa. The city has a population of approximately 27,000 and sits at the junction of US 18 and US 65, eight miles east of Interstate 35. Its employment base includes MercyOne North Iowa Medical Center, with more than 2,000 employees, and roughly 48 manufacturing plants.

Key Highlights

  • 15‑year absolute NNN lease
  • Address: 418 S Federal Ave, Mason City, IA 50401
  • Mason City population: approximately 27,000

Property Analytics

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Current Use

ARCO Gas Station Western Union Bank Coin Cloud Bitcoin ... Atm

Suggested Use

Top Pick Real Estate Agency Dental Office Grocery & Convenience Store Restaurant Bakery (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

1,118
Businesses Nearby

Demographics for 50401, IA

28,981
Population
14,746
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
94%
High-School Grad
148.2 sq mi
ZIP Area
196
Density / Sq Mi
$63,807
Median Household Income
$38,929
Median Earnings
$868
Median Rent
$134,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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?
Gas station - The property is offered under a 15-year absolute NNN lease.
Where is this gas station located?
The property is located at 418 S Federal Ave Mason City, IA.
What is the asking price?
The asking price for this property is $2,631,887.
What are key features of this property?
This property features: 15‑year absolute NNN lease; Address: 418 S Federal Ave, Mason City, IA 50401; Mason City population: approximately 27,000
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