1205 San Marnan Dr Waterloo, IA 50702-4383
This exceptional 1,354 square foot retail space is part of a redeveloped 19,800 square foot retail center situated on a 1.31-acre lot (56,889 square feet) at the highly visible corner of San Marnan and Flammang Drives in Black Hawk County. The property, with APN 881302327019 and C-2 zoning, boasts a prime location across from Waterloo's Crossroads Mall, ensuring significant foot traffic and brand recognition. Nearby major retailers include Wal-Mart, Target, Dick's Sporting Goods, Barnes & Noble, Best Buy, PetSmart, and Staples, creating a strong retail synergy. The building, constructed in 1993 and extensively renovated in 2023, features a single story with 84 total parking spaces. A new RNR Tire Express location is under development, further enhancing the property's appeal and drawing increased customer traffic. The 1,354 square feet of vacant space presents a unique opportunity for a variety of retail businesses. The facade remodel is anticipated for the second or third quarter of 2023. Estimated Net, Net, Net (NNN) expenses are $4.75 per square foot. This is a rare chance to secure a prominent retail presence in a thriving Waterloo commercial corridor.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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