1. Iowa
  2. Urbandale
  3. 3441 86th Street
$1,350,000

3441 86th Street, Urbandale, IA 50322

  • 5,952 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1990
  • Property Lot Size Icon1.07acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $227/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

NNN Lease Investment Property: Former 5,952 SF McDonald's fast food restaurant leased on triple net (NNN) terms. The lease commenced on September 1, 2024 and will expire on August 30, 2034. The tenant has (2) 5-year renewals with 10% rent bumps per renewal. Current rent due is $96,312.50 annually through Year 2. In Year 3, rent increases to $103,500 with strong escalators throughout the remaining term. The landlord replaced the roof and gutters in the fall of 2024 as part of lease negotiations. The tenant completed their own interior and exterior cosmetic work which included paint and concrete repairs. The property benefits from a recorded parking lot easement that adds an approximate (52) parking spaces into perpetuity. The restaurant is located along 86th Street in Urbandale at the controlled intersection of 86th Street and Colby Parkway. This is near the Douglas Avenue and 86th Street intersection. Neighborhood has strong traffic counts and is anchored by Hy-Vee. See Agent Remarks for full rent schedule.

Listing Status:
Active
Date Added:
May 5, 2025 at 05:00AM
Listing Office:
Platinum Realty LLC : (888) 220-0988
Listing Agent:
Pedersen, Kyle : (515) 368-2454
MLS ID:
717335
  • A/C: Central Air
  • Heating: Forced AirGas

This listing courtesy of Pedersen, Kyle, Platinum Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

V

Valerius Elementary

3305 92nd St, Urbandale, IA, 50322

Grades KG-5

0.36 miles away

U

Urbandale Middle School

7701 Aurora Ave, Urbandale, IA, 50322

Grades 6-8

1.07 miles away

U

Urbandale High School

7111 Aurora Ave, Urbandale, IA, 50322

Grades 9-12

1.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.