3533 Main St Keokuk, IA 52632

This exceptional Keokuk, IA shopping center presents a compelling value-add investment opportunity. The 22,200 square foot, single-story building, constructed in 1997 and situated on a 13.69-acre lot, boasts 100% occupancy with five tenants, including two credit tenants. The property features a recently resurfaced parking lot with 120 spaces, providing ample convenience for shoppers and employees. Located at 3533 Main St, the center benefits from high visibility on a major thoroughfare with 12,100 vehicles passing daily, providing excellent access to customers. The current Net Operating Income (NOI) is $65,085, with a pro-forma NOI of $88,723, reflecting a potential for significant revenue growth. The property is zoned C-Commercial, allowing for flexibility in future development. The current lease type is NNN, with a five-year lease term and two years remaining on the current agreements. Rent bumps are included in the lease agreements. The asking price is $850,000, representing a current cap rate of 7.66% and a pro-forma cap rate of 10.44%. This investment offers a strong foundation for long-term growth and profitability in the thriving commercial landscape of Southeast Iowa. The property's size and location provide significant potential for future expansion and diversification of revenue streams.