REIT Sale | Former Burger King | Omaha DMA | Red Oak, IA

• Freestanding Former Burger King with Drive-Thru on 1.06-AC available at Significant Discount Below Replacement Cost
• Signalized Hard Corner with ±7,568 VPD Traffic and Excellent Visibility on Broadway Street | Frontage along Four Streets
• Nearby Traffic Drivers: McDonald’s, Hy-Vee Grocery Store, Family Dollar, Dollar General, O’Reilly Auto Parts, Ace Hardware, Subway, and more
• Attractive Demographics with Annual Household Income of ±$73,979 (5-Mile)
• Zoned C-1, Highway Commercial District with a Variety of Permitted Uses
• Absolute $1 Auction – NO RESERVE

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located at 1410 N Broadway Street in Red Oak, Iowa (the “Property”). Formerly occupied by Burger King, the Property is being offered significantly below replacement cost, presenting a compelling opportunity for owner-users or investors to acquire a highly visible, drive-thru-equipped retail asset at an attractive basis. FIRST BID MEETS RESERVE! Constructed in 1988, the Property consists of a ±3,483 SF single-story restaurant building with drive-thru capabilities, situated on a ±1.06-acre parcel (±46,161 SF). The site features a concrete surface parking lot with 63 on-site parking spaces, multiple points of ingress and egress, and efficient internal circulation, supporting a variety of retail or restaurant uses. The Property benefits from exceptional frontage and visibility, including approximately ±120 feet along Broadway, a primary retail and commuter corridor carrying approximately 7,568 vehicles per day (VPD), as well as additional frontage along Linden Street (±270 feet), 1st Street (±120 feet), and Oak Street (±60 feet). 

Auctioneer: Lamar P. Fisher Fisher Auction Company Inc.