Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 2016
Building Area
Land Area ()

Property Description

JLL is pleased to exclusively offer the opportunity to acquire a fully depreciable, fee simple NNN, Kum & Go, located in Sioux City, Iowa, the fourth largest city in the state. Kum & Go has over 15 years remaining of an initial 20-year lease term with 5% rental increases every five years, inclusive of the four (4), five (5) year options in place. The property has excellent visibility and is conveniently situated at the fully signalized intersection of Gordon Drive (Route 20) and Virginia Street. Gordon Drive is a main corridor in the area and serves over 17,000 vehicles per day. The site is easily accessible from Route 29 (29,000 vehicles per day) due to the newly constructed Exit 147B, which places vehicles only one-tenth (0.1) of a mile from Kum & Go, making it a convenient and sought-after location for travelers before continuing along the 750-mile interstate highway. Nationally recognized tenants such as The Home Depot, Walgreens, Ashley Home Furniture, IHOP, Burger King, Arby’s, Perkins Restaurant and Hardee’s all surround the property, further driving consumers to the area. Lastly, development of an Avid hotel has begun construction directly behind the property and the 87-room hotel is expected to be opened by the end of 2020.


Kum & Go, headquartered in West Des Moines, IA, has over 400 locations in only eleven states. Most of those locations are in Iowa, creating a strong brand identity in the Midwest. The privately held company was founded in 1959 by William Krause and Tony Gentle. Today, Kum & Go is still a family owned operation, with 5,000+ associates, run by the son and grandson of the original founders.  

Investment Highlights

  • Essential, pandemic-proof retailer with 15+ years left on their absolute NNN lease, which has 5% rental increases every five years, inclusive of the four, 5 year renewal options; This is a depreciable asset 
  • The property has excellent visibility and is conveniently situated at the fully signalized intersection of Gordon Drive and Virginia Street – Gordon Drive is a main corridor in the area and serves over 17,000 vehicles per day
  • The site is easily accessible from Route 29 (29,000 vehicles per day) due to the newly constructed Exit 147B, which places vehicles only one-tenth (0.1) of a mile from Kum & Go, making it a convenient and sought-after location for travelers before continuing along the 750-mile interstate highway
  • Kum & Go, headquartered in Des Moines, IA, has over 400 locations in only eleven states, most of which are in Iowa, creating a strong brand identity in the Midwest
  • The property is located within close proximity to national retailers such as; Home Depot, Walgreens, Burger King, IHOP, Arby’s, Hardee’s and Ashley Home Furniture, driving customers to the area 
Last Updated Date: 03 Nov 2020
Marc Mandel
Marc Mandel
Managing Director, Capital Markets
License details
PA - AB068236 DE - RS-0019936 NJ - 0894218
Steve Schrenk
Steve Schrenk
Director, Capital Markets
License details
NJ-1433421

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+63282312281
Last Updated Date: 03 Nov 2020

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.