Standalone Drive-Through
For Sale
$1,000,000
8755 University Ave, Clive, IA 50325
Restaurant property includes an operating drive-through component for customer service.
Property Size3,792 SF
Days on Market48
Property Features for 8755 University Ave
General Information
Standard status
Active
Size
3,792 SF
Property subtype
Retail
Additional Details
Drive-Thru
Yes
Building Details
Building Size
3,792 SF
Year Built
1982
Buildings
1
Listed By:
Dan Dempsey
(515) 306-0794
Source:
Iowacommercial
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 2:58AM
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 Dan Dempsey
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Investment Insights
Based on property information with market context.
This standalone restaurant property includes an operating drive-through component and was built in 1982. The asset is located at 8755 University Ave in Clive, Iowa, within the 50325 ZIP code.
Key Highlights
- Operating drive‑through component
- Standalone restaurant property
- Built in 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,376
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,520
$967.5K
Cap Rate 7%
$691,086
$691.1K
Cap Rate 9%
$537,511
$537.5K
Market Conditions
NOI Build-Up for 3,792 SF
Gross rent
$68.3K $18.00/SF
− Vacancy
−$3.8K −$0.99/SF
EGI
$64.5K $17.01/SF
− OpEx
−$16.1K −$4.25/SF
NOI
$48.4K $12.76/SF
Area
Polk County, IA
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,520
Cap Rate 7%
$691,086
Cap Rate 9%
$537,511
Alternative Uses
Best Use
Specialty Retail
$691.1K
$604.7K – $806.3K
NOI $48,376 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$3.65M
$3.19M – $4.26M
NOI $255,520 @ 7.0% cap · market cap 25.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,393
Businesses Nearby
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Business Placement
Demographics for 50325, IA
18,619
Population
7,455
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
2,418
Density / Sq Mi
$131,082
Median Household Income
$63,495
Median Earnings
$1,099
Median Rent
$379,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant property includes an operating drive-through component for customer service.
Where is this drive through restaurant located?
The property is located at 8755 University Ave Clive, IA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Operating drive‑through component; Standalone restaurant property; Built in 1982
