209 Erie St Missouri Valley, IA 51555-1532

This exceptional investment opportunity presents a standalone restaurant building and equipment for sale at $199,000. Located at 209 E Erie St, Missouri Valley, IA 51555, this 2,352 square foot Class C property boasts a strong 16.81% cap rate and a substantial net operating income (NOI) of $33,444. The property, built in 2007, is currently 100% occupied by a franchisee tenant under a gross lease agreement with approximately 1.7 years remaining on a 5-year lease (commencing July 12, 2021, and expiring July 19, 2026). The tenant is responsible for all interior building and equipment maintenance, minimizing owner responsibilities. The included equipment was recently appraised at over $60,000. This is a value-add opportunity with a single tenant operating multiple locations throughout the Southwest Iowa region, providing a stable income stream. The sale is offered as an owner/user investment, providing a strong return on investment. The property is owned by an LLC and is being sold by the owner. This is a rare opportunity to acquire a profitable, established restaurant with significant upside potential. The asking price per square foot is $84.61.