Freestanding NNN Restaurant
For Sale
$2,900,000
4229 S Lakeport St Sioux, Sioux City, IA 51106
Freestanding restaurant building leased to a national or regional restaurant tenant in a high-traffic retail setting.
Property Size8,000 SF
Days on Market48
Property Features for 4229 S Lakeport St Sioux
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Retail
Building Details
Building Size
8,000 SF
Year Built
2000
Buildings
1
Tenancy
Single
Listing Agency:
OMNE Partners
Listed By:
Colin Fangman · License #20230189
(402) 504-2997
Source:
Omnepartners
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 28 at 6:59AM
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 OMNE Partners
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Investment Insights
Based on property information with market context.
This freestanding restaurant building was constructed in 2000 and is occupied by a national or regional restaurant tenant under an NNN lease structure. The standalone configuration provides a distinct building format for restaurant operations and supports future flexibility in tenant use.
The property is located at 4229 S Lakeport St in Sioux City, within a retail corridor characterized by destination shopping and dining. Its setting places the building within an established commercial trade area serving retail and restaurant activity.
The property is located at 4229 S Lakeport St in Sioux City, within a retail corridor characterized by destination shopping and dining. Its setting places the building within an established commercial trade area serving retail and restaurant activity.
Key Highlights
- NNN lease structure with a national or regional restaurant tenant
- Freestanding restaurant building constructed in 2000
- Located at 4229 S Lakeport St, Sioux City, IA 51106
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,150
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,000
$1.7M
Cap Rate 7%
$1,202,143
$1.2M
Cap Rate 9%
$935,000
$935.0K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$120.0K $15.00/SF
− Vacancy
−$7.8K −$0.98/SF
EGI
$112.2K $14.03/SF
− OpEx
−$28.1K −$3.51/SF
NOI
$84.2K $10.52/SF
Area
Woodbury County, IA
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,000
Cap Rate 7%
$1,202,143
Cap Rate 9%
$935,000
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,150 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 34%
Hotels & Casinos 8%
Casey's General Store
Shops & Services
35,793 visits/mo
0.2 miles
HuHot Mongolian Grill
Dining
20,426 visits/mo
0.1 miles
Comfort Inn
Hotels & Casinos
1,858 visits/mo
0.2 miles
Wingate
Hotels & Casinos
1,470 visits/mo
0.2 miles
Candlewood Suites
Hotels & Casinos
1,000 visits/mo
0.2 miles
Demographics for 51106, IA
28,655
Population
11,681
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
93%
High-School Grad
33.5 sq mi
ZIP Area
855
Density / Sq Mi
$74,486
Median Household Income
$40,495
Median Earnings
$1,080
Median Rent
$186,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Freestanding restaurant building leased to a national or regional restaurant tenant in a high-traffic retail setting.
Where is this nnn property located?
The property is located at 4229 S Lakeport St Sioux Sioux City, IA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: NNN lease structure with a national or regional restaurant tenant; Freestanding restaurant building constructed in 2000; Located at 4229 S Lakeport St, Sioux City, IA 51106
