- Property size 1.22 ac
Kum and Go - retail for sale
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.