830 Oak St Iowa Falls, IA 50126

This fee-simple, 13,700 square foot shopping center in Iowa Falls, IA, presents a compelling value-add opportunity. Located at 830 S Oak St, 50126, this 2-tenant property boasts a strong 100% occupancy rate, generating a Net Operating Income (NOI) of $106,642 and an 8.24% cap rate. The asking price is $1,294,000. Built in 2017, the center sits on a sizable 2.33-acre lot, offering significant potential for future expansion or redevelopment. One tenant, Dollar Tree, recently signed a three-year lease extension at a below-market rate of $5.71 per square foot, with a 120-day termination clause for both landlord and tenant, creating substantial upside potential. The second tenant is under lease for several more years. The property benefits from its prime location, shadowed by a Walmart and situated near Hy-Vee grocery, Hansen Family Hospital (a Mercy One affiliate), Shoe Sensation, and Kwik Trip. The building is in excellent condition, priced below replacement cost at $94 per square foot, and includes a roof warranty extending until 2033. This investment offers a blend of stable income and significant upside potential.