2123 Kimball Avenue

2123 Kimball Avenue, Waterloo, IA 50702

  • For Sale $2,547,766
  • Property Type Retail - Freestanding
  • Property Size 2,200 SF
  • Units 1
  • Lot Size 1.31 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2024
  • Date Updated Jun 12, 2024
2123 Kimball Avenue (“the Property”), located in the heart of Waterloo, Iowa, is a 2024 built standalone retail building. The Property offers a state-of-the-art high-quality building leased by Starbucks Corporation for 10 years with 4 different 5-year lease renewal options. This rare investment opportunity is comprised of a brand new ±2,200 SF building on 1.31 acres of land. With rent bumps every five years and landlord responsibilities limited to the roof and structure, the Property is a solid investment. Located on Kimball Avenue and just off of Ridgeway Avenue in Waterloo, the Property is on a highly trafficked street just walking distance from West High School. The property is set to serve multiple different customers being located close to numerous schools, MercyOne Hospital, and desirable residential neighborhoods.

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Highlights

  • Blue-Chip Tenant: Starbucks is one of the world’s most recognizable and financially stable brands.
  • Prime Location: The property is strategically situated in the heart of Waterloo, ensuring high visibility and foot traffic.
  • Stable Income: With a cap rate of 6.0%, this investment offers a stable and attractive income stream.
  • Long-Term Lease: Starbucks has signed a long-term lease agreement which provides consistent rental income over an extended period of time.
  • Minimal Landlord Responsibilities: Starbucks takes care of the majority of maintenance, making this investment hassle-free for landlords.
  • Resilience and Recession Proof: Starbucks has proven its resilience during economic downturns, making it a reliable investment even in uncertain times.
  • Strong Market Fundamentals: The city of Waterloo boasts a robust job market and a growing population.
  • Iconic Brand Visibility: Starbucks draws customers from the local community and beyond, ensuring a steady flow of visitors and potential sales growth.

Contacts

broker

Jon England, CCIM, SEC

NAI Heartland

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable
  • Transit Score ®

    24/100 Minimal Transit
  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Waterloo, IA
  • Zip Code 50702

Points of Interest

  • Sam's Club

    1.02 miles

  • Tesla Supercharger

    1.63 miles

  • Green Lots Charger

    1.64 miles

  • Hy-Vee Gas

    1.71 miles

  • Sinclair

    2.29 miles

  • Kwik Star

    2.34 miles

  • Cenex

    2.42 miles

  • Cenex

    2.55 miles

  • Casey's General Store

    2.81 miles

  • Kwik Star #723

    2.98 miles

  • East Side Parking Ramp

    1.94 miles

  • PEC Parking

    3.14 miles

  • Cedar Valley Soccer Complex Parking Lot

    3.30 miles

  • ROTH Lot

    5.41 miles

  • Jennings Drive B Lot

    5.48 miles

  • BCS Lot

    5.75 miles

  • ITC South Lot

    5.81 miles

  • BRC Lot

    5.83 miles

  • ITC Lot

    5.89 miles

  • ITC West Lot

    5.90 miles

  • Dairy Queen

    0.97 miles

  • Culver's

    0.98 miles

  • Marco's Pizza

    1.03 miles

  • Popeyes

    1.04 miles

  • Chilito's Mexican Bar & Grill

    1.07 miles

  • Perkins

    1.44 miles

  • Chick-fil-A

    1.53 miles

  • Hardee's

    1.64 miles

  • Long John Silver's

    1.69 miles

  • A&W

    1.69 miles

  • Byron Super Market

    0.68 miles

  • Fareway

    0.81 miles

  • Hometown Foods

    0.83 miles

  • Hy-Vee

    1.03 miles

  • Sam Club

    1.13 miles

  • Hornbill Asian Market

    1.36 miles

  • ALDI

    1.42 miles

  • Walmart Supercenter

    1.58 miles

  • TJ Maxx

    1.61 miles

  • Hy-Vee

    1.71 miles

Frequently Asked Questions

How much does 2123 Kimball Avenue cost?

The space currently listed for sale at 2123 Kimball Avenue asks for $2,547,766.

What is the total square footage of 2123 Kimball Avenue?

2123 Kimball Avenue totals 2,200 square feet.

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Contact Listing Broker

broker

Jon England, CCIM, SEC

NAI Heartland