2315 2nd N Ave Fort Dodge, IA 50501-3552

Property Details for 2315 2nd N Ave

Year built

2003

Construction

FRAME

Lot size

1.35 lot acres

Property size

5,396 SF

Property type

Office buildings

APN

721302017

APU

721302017

Description

This exceptional investment opportunity presents a fee-simple interest in an 8,365 square foot executive office building located at 2315 2nd Ave N, Fort Dodge, IA 50501. Currently 100% occupied by the Social Security Administration (SSA) under a modified gross lease, this property offers a stable and secure investment backed by the full faith and credit of the U.S. Government (S&P AA+ credit rating). The SSA occupies the entire building, providing a long-term lease with approximately 4.3 years remaining. Built in 2002 to meet specific governmental standards, this property benefits from low tenant turnover inherent with government agencies. The asking price is $955,000, representing a price per square foot of $114.17 and a pro-forma cap rate of 8.27%. The property's strategic location offers convenient access to major roads, Fort Dodge Regional Airport, recreational areas like Snell-Crawford Park and Becker Wildlife Area, and UnityPoint Health Trinity Regional Medical Center. Fort Dodge boasts a strong local economy with projected population growth and increasing household incomes, further enhancing the long-term value of this investment. This is a rare opportunity to acquire a high-quality, government-leased property with significant upside potential. The property's essential service provider tenant ensures long-term viability and importance within the community.

Location Insight

City

Fort Dodge

County

Webster

State

Iowa

Longitude

-94.1647

Latitude

42.5079

CBSA code

22700

CBSA name

FORT DODGE, IA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments