Abelardo's Mexican Fresh

202 11th Street SW Plz, Spencer, IA 51301

  • For Sale $828,570
  • Property Type Retail - Restaurant
  • Property Size 5,438 SF
  • Lot Size 0.9 Acre
  • Property Tenancy Single Tenant
  • Year Built 1979
  • Year Renovated 2023
  • Date Updated Apr 24, 2024
Near walmart in Spencer IA.

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Highlights

  • Personal Guaranteed Lease Backed by Over 40 Units
  • Spencer Serves as a Regional Hub for the Surrounding 20 Mile Radius
  • Spencer IA has grown by 2.98% since last census
  • Abelardo's is Positioned Along Sepncer's Main Retail Corridor
  • Nearby Retailers Include Walmart, Bomgaars, Hobby Lobby, KFC, Jersey Mike's, Menard's, and Many Others
  • Replaceable Rents of $13.24/SF Make This a Fundamentally Sound Investment

Contacts

broker

Grant Kallevig

Encore Real Estate Investment Services

(320) 894-4714

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable
  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Spencer, IA
  • Neighborhood Spencer
  • Zip Code 51301

Points of Interest

  • Cenex

    8.05 miles

  • Arby's

    0.38 miles

  • McDonald's

    0.40 miles

  • Spencer Golf and Country Club

    2.47 miles

  • Walmart Supercenter

    0.26 miles

  • Southpark Mall

    0.53 miles

  • Fareway

    1.37 miles

  • Hy-Vee

    1.40 miles

Frequently Asked Questions

What is the lease rate for Abelardo's Mexican Fresh?

Rental asking rate at Abelardo's Mexican Fresh is $414,285.00/YR.

What is the total square footage of Abelardo's Mexican Fresh?

Abelardo's Mexican Fresh totals 5,438 square feet.

When was this property built?

Abelardo's Mexican Fresh was built in 1979.

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Contact Listing Broker

broker

Grant Kallevig

Encore Real Estate Investment Services

(320) 894-4714