Published on: Monday, August 26, 2024
Updated on: Monday, August 26, 2024
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
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  DLL Financial | Corporate Lease Guaranty
8001 Birchwood Ct Johnston Iowa , 50131
8001 Birchwood Ct Johnston Iowa , 50131 NNN Investment Group
Listing ID: CL-Iowa-11555

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 8
Net Operating Income: $472,319
Commission Split (%): 0
Quick Glance
Listing ID: CL-Iowa-11555
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2003
Building Size: 45,198 SqFt
Lot Size: 225,428 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Lee & Associates are pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in a DLL Financial Solutions “Subject Property”, located at 8001 Birchwood Ct, Johnston, IA. Built in 2003 and renovated in 2022, the Subject Property consists of a 45,198 square foot building that resides on a 5.18-acre parcel.
Complete Details
Year Build: 2003
Building Size: 45,198 SqFt.
No of Stories: 1
Total Lot Area: 225428 SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Additional Properties
Property Highlights
  • DLL Financial (Over $32 Billion In Assets) – Wholly Owned Subsidiary of Rabobank Group (S&P: A+)
  • Decades Long Operating History in the Johnston (Des Moines MSA) Market
  • Located in a Strong Growing Market for Agriculture, Insurance & Finance
  • Significant Capital Expenditures by Landlord & DLL Financial (Tenant) – Exterior & Interior Upgrades (Over $1.5m in Expenditures)
  • Strong Demographics – High Population Growth
  • Highly Visible Location – Interstate 35/80 With Over 100,000 VPD
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$472,319
$0
0%
Cash Flow for Current Listings
Listing Location
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