Newton, IA 50208


Property Address

1204 1st Avenue East, Newton, IA, USA

Offering Summary

  • Price: $5,000,000
  • Lot Size: 1.65 Acres
  • Cap Rate: 6.50%
  • Year Built: 2001
  • Building SF: 15,120
  • Status: Available
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  • 8 Years Remaining on Lease Term with Walgreens - Corporate Guaranty
  • 22 Year Operating History - Tenant has Occupied the Site Since 2000
  • Signalized Hard Corner Location Visible to a Combined 14,000+ Cars/Day at the Corner of 1st Avenue E and E 12th Street S
  • Across from Hy-Vee Grocery Store and Surrounded by National Retailers - O'Reilly Auto Parts, Anytime Fitness, Burger King, McDonald's, and More
  • One Mile East of Downtown Newton and MercyOne Newton Medical Center (One of the Largest Employers in Jasper County)
  • 23,490 Residents and 19,590 Daytime Employees within a 10-Mile Radius with Average Household Income Exceeding $80,000
  • Within 40 Miles of Downtown Des Moines and Des Moines International Airport

Broker Information