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Ottumwa, IA NNN Properties for Sale

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Agency, IA Bloomfield, IA Floris, IA Blakesburg, IA Hedrick, IA Batavia, IA Unionville, IA Fremont, IA
NNN-Leased Retail Strip
Updated: May 7
NNN-Leased Retail Strip

1255 Theatre Drive, Ottumwa, IA 52501

Contact for pricing
5,074 sqft
Fee simple retail strip offering land & building ownership
NNN‑leased to Aspen Dental and Jersey Mike's
Average remaining lease term over 5 years with multiple extension options
Jersey Mike's includes a rent increase after year five with fixed increases on three 5‑year renewal options
Tenants reimburse their pro rata share of CAM, taxes, and insurance under triple‑net leases
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Mercy One Medical Office Building
Updated: Apr 11
Mercy One Medical Office Building

522 N Hancock St, Ottumwa, IA 52501

Contact for pricing
Mercy One has occupied the building since its 2017 construction
More than 7 years remain on the original 10‑year lease term
Absolute NNN structure with no landlord obligations
5% rent escalations every 3 years during the initial term and 3 five‑year options
Near US‑34 and S. Wapello St., with combined traffic exceeding 62,000 vehicles per day
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See what stands out in Wapello County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ottumwa, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Strip Mall Suites
Strip Mall Suites

2617 1st Ave E, Newton, IA 50208

Contact for pricing
2,940 sqft

Two suites provide retail space within a multi-tenant center.

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CVS Pharmacy For Sale
CVS Pharmacy For Sale

2639 Avenue L, Fort Madison, IA 52627

Contact for pricing
14,820 sqft

NNN leased CVS Pharmacy with approximately 8 years remaining.

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Hardee’s Absolute NNN Restaurant
Hardee’s Absolute NNN Restaurant

1431 Ave H, Fort Madison, IA 52627

Contact for pricing
3,983 sqft 0.53 AC lot

Freestanding restaurant investment with a long-term absolute NNN lease and four renewal options.

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Storefront with New Roof
Storefront with New Roof

1718 1st Ave E, Newton, IA 50208

Contact for pricing
3,240 sqft

The building offers NNN lease terms and a roof installed in 2023.

View details

Ottumwa, IA Nnn Properties Market Trends and Statistics

Explore 2 nnn properties for sale in Ottumwa, IA on our real estate platform. These investment opportunities span a total of 5,074 square feet of properties for sale.

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Demographics Overview

Population 30K
Population Growth (5Y) +2.3%
Median Household Income $59,091
College Educated 28.3%

High-Yield Neighborhoods for Investment

Identify Ottumwa submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
52501 $3.4M

Taxes & Financing

Tax Rate (average for all types) 3.02%
Property Tax per SF $37.77 per SF
Tax Rate vs County Average 0.04 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Wapello County

New Delisted

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