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320 S 71 Highway, Arnolds Park, IA 51331

$679,900.00
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Active
MLS#220746
STATUSActive PROPERTY TYPECommercial - Business

Property Description

6.2 CAP! Newly constructed 320 HWY 71 S is a contemporary retail/restaruant building that features a drive-thru with 26 interior seating with a garage door leading to an outdoor patio. Home of the Iowa Great Lakes, the property is conveniently located on HWY 71. The ideal location offers high car counts, and is directly across from Arnolds Park Amusement Park! Giliberto's Mexican Taco Shop, a 12 Store Operator, signed. • 6.2 CAP NNN! New 5-Year Lease with 5-Year option with 10% escalation. 12 Store Operator and rapidly growing in SD, MN, IA & UT. • Full NNN Triple net lease and zero landlord responsibilities. • Positioned on a Large 1.10 Acre Parcel. • Gross Income @ $63,000. Land Lease at $19,800 Annually or $1,650 per month. • The property is in close proximity to Iowa Great Lakes and Across from Arnolds Park Amusement Park. • Okoboji Area is moderately populated during peak season estimating 100,000 at the local market during Spring-Fall.

Property Features

Property Type: Commercial - Business
Cooling: Central
Days on Market: 93
Fuel Type: Electric
Heating: Forced Air
Lot Size: 1.1 Acres
Roof Type: Rubber
Taxes: $15,050
Year Built: 2019

Feature Descriptions

Construction: Frame/Wood, Other(See Rmks)
Current Use: Food & Beverage, Restaurant
Exterior: Metal Siding, Other
Exterior: Front Exposure, High Traffic Location, High Visibility, Highway Access, Security Lighting
Flood Zone: Unknown
Lot Dimensions: 48003.12
Parcel #: 07-30-406-005
Parking Features: Driveway-Asphalt
Road Frontage: City Street, Highway
Sewer: Public Sewer
Water: Public/City

Listed By / Shown By

Listed By

Agency Name: Integrity Real Estate- Arnolds Park
Agent Name: Nick Steffes
Agency Phone: 712-337-6500

Shown By

Agency Title: Hinn Real Estate
Agency Phone:

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