210 N Main Street, Clarion, IA 50525
This commercial property is home to Thrifty White Pharmacy a very strong, regional chain w/ 91 stores. Clarion is county seat for Wright county, pop. 12,644. Thrifty has Leased since 2018, current lease through March,2028 with a recent extension until March, 2031. Tenant pays property taxes and repairs up to $400. Tenants have put nearly $100,000 recent upgrades including new roof in 2018, repaired the back wall, electrical updated in 2021, new a/c unit in 2023, new back doors and garage door in 2024.Income: Commercial 3400 sq/ft + 450sq/ft cold storage = $2,475/ mo Apartments: 2 units each unit approx. 1,200 sq/ft = $1,225/mo.Gross Rents: $44,400/yr.Expense:Insurance $2,400/yrMgt fee $2,200/yrMaintenance $2,000/yrTotal $6,600/yrNet $37,800/yr Based on $425,000 price/$37,800 NOI shows around 8.9% ROI
Listing courtesy of
RE/MAX REAL ESTATE CENTER
MLS #:
65899
Year Built:
1900
Lot Size:
0.11 Acres
Monthly payments are estimates based on current market rates for a 30-year fixed mortgage with 20% down and 5.0% interest. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.