609 Taylor St Creston, IA 50801-3514
This exceptional investment opportunity presents a 5,483 square foot, multi-tenant retail storefront located at 609 W. Taylor Street in Creston, Iowa. The property, built in 1950 and renovated in 1971, sits on a 0.46-acre lot and boasts 100% occupancy with a strong, long-term lease in place with NuCara Home Medical. This Class C building offers a compelling net lease investment structure (NNN) with a current cap rate of 12.56%. The asking price is $295,000. Strategically positioned along Highway 34, within Creston's main commercial corridor, the property benefits from high visibility and significant daily traffic. The property features ample off-street parking, adding to its convenience and appeal. This is an owner/user investment opportunity with two tenants. The building's prime location and strong tenant occupancy make it an attractive investment for those seeking a stable, high-return property in a thriving Iowa market. The property's size and layout offer flexibility for potential future expansion or adaptation to changing market demands. This is a rare opportunity to acquire a well-established, income-producing retail property in a desirable location. The property's solid financial performance and potential for future growth make it an ideal addition to any investment portfolio.
-
NuCara Home Medical - Formerly Hammer Medical Supply Medical Supply Store
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.