Property Details for 16250 N Ave

Lot size

18.00 lot acres

Property size

9,741 SF

Property type

Retail properties & Spaces

Property subtype

Auto shops

Description

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.

Location Insight

City

Holland

County

Grundy

State

Iowa

Longitude

-92.7672

Latitude

42.4658