Kum & Go
416 Cedar Street, Muscatine, Iowa
Cap Rate: 5.25%
Price Per SF: $828.92
Leasable Area: 6,210+ SF
Term Remaining: 16.9 Years
Year Built: 2017
Lot Size: 1.97 Acres
Long Term Lease - There are just under 17 years remaining on the initial term of the lease. Which is followed by four, 5-years options.
Rental Increases - 7.5% Rental increases every five years during the base term. 5% Rental increases every five years during the option periods.
Strong Tenant - 400+ Unit operator, Kum & Go is the 18th Largest Convenience Store Operator in the Nation. 2020 marks Kum & Go's 61st year in the business.
Essential Amazon Proof Business - The subject property has remained open and has paid rent in full and on time every month throughout the mandatory stay-at-home orders given by the government at a result of the Covid-19 pandemic.
Zero Landlord Responsibility - Absolute Triple Net Lease. There are Zero Management responsibilities, perfect for buyers looking for a “hands-off” investment.
Muscatine, Iowa - The property excellently located in the near the heart of Downtown Muscatine, near the Mississippi River. There is no competition in the immediate vicinity, and the property is surrounded by the cities largest employers, the HON company 3,600+ Employees.