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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

16250 N Ave Holland, IA 50642

9,741 SF 18 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving 9,741 square foot auto shop, operating as The Mill Travel Center, situated on an expansive 18-acre lot in Holland, IA. The property boasts a prime location on US-20 (35,000+ vehicles per day) and IA-14 (18,000+ vehicles per day), ensuring high visibility and consistent customer traffic. The single-tenant, net lease structure provides a stable and predictable income stream with 100% occupancy. The Mill Travel Center offers a comprehensive range of services, including fuel (gas and diesel), an ATM, convenience store, deli, document scanning, fast food, gift shop, laundry facilities, ample parking, and more, catering to truckers, travelers, and locals. The property features a well-maintained, paved lot with lighted areas, RV parking, showers, and trailer drop capabilities. Its strategic location near major transportation arteries and numerous other retailers, including The Farm Store, Dollar General, Brother's Market, Target, and The Landmark Bistro, further enhances its appeal. The property's proximity to the bustling Cedar Valley, home to significant distribution centers for John Deere and Target, ensures a continuous flow of truck traffic. This is a turnkey operation with significant growth potential, representing a rare opportunity to acquire a high-performing, established business and real estate asset in a desirable location. The asking price is $9,500,000, with a price per square foot of $975.26. The property is zoned for commercial use and is located at 16250 North Avenue, Holland, IA 50642.

Property profile
Verified
Property type Retail properties & Spaces
Total area 9,741 SF
Lot 18 ac (784,080 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • bp Gas Station
  • The Mill Grocery & Convenience Store
  • ATM Atm
  • Arby's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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