REIT Sale | Former Burger King | Shenandoah, IA | Grocery Shadow Anchored

• Freestanding Former Burger King with Drive-Thru on 1.01-AC available at Significant Discount Below Replacement Cost
• Hard Corner with ±7,866 VPD Traffic and Excellent Visibility on Broadway Street | Frontage along Three Streets
• Nearby Retailers: Walmart, McDonald’s, Hy-Vee Grocery Store, Pizza Hut, Napa Auto Parts, Tractor Supply Co, and more
• Attractive Demographics with Annual Household Income of ±$70,119 (5-Mile)
• Zoned HB, Highway Business District with a Variety of Permitted Uses
• Absolute $1 Auction – NO RESERVE

• Constructed in 1988, the Property consists of a ±3,816 SF, single-story, second-generation restaurant building with a drive-thru, situated on a ±1.01-acre parcel (±43,810 SF). The site features a concrete surface parking lot with 46 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 ±129 feet along Fremont St/US Highway 59, a primary retail and commuter corridor carrying approximately 7,866 vehicles per day (VPD), as well as additional frontage along Fifth Avenue (±340 feet) and Iowa Street (±129 feet). This positioning along a well-established daily-needs retail corridor provides strong exposure and convenient access for both local and pass-through traffic. 

Auctioneer: Lamar P. Fisher Fisher Auction Company Inc.