Iowa City, IA - Boulder Tap House

Description:

New 10-Year Lease | Annual 2% Rental Increases | Near University of Iowa (31K+ Students) Excellent Visibility off US Hwy 6 (27K+ VPD) | Dense Retail & Medical Corridor SRS Real Estate Partners, LLC in collaboration with Gateway Real Estate Advisors is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, Boulder Tap House investment property located in Iowa City, Iowa. The tenant recently signed a brand new 10 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Boulder Tap House is a growing Midwestern craft burger and beer concept with 11+ locations across Minnesota, Iowa, Wisconsin, and North Dakota, and more. The subject property is strategically located near the signalized hard-corner intersection of U.S. Highway 6 and South Gilbert Street (combined 37,900 VPD) and serves as a primary corridor connecting Interstate 80, downtown Iowa City, and the University of Iowa campus. The surrounding retail corridor is anchored by a strong mix of national and regional retailers, including Natural Grocers, Hy-Vee, Walmart Supercenter, and Aldi, providing a significant concentration of daily consumer traffic. Located approximately one mile from the University of Iowa, the property benefits from direct access to one of the nation’s leading public research universities and a flagship Big Ten institution with 31,000+ students. Approximately 72% of students reside off campus, generating consistent demand for dining, entertainment, and service-oriented retailers throughout the immediate trade area. In addition, the university’s nationally recognized NCAA Division I athletic programs attract substantial visitor traffic and consumer spending throughout the year. Moreover, the University of Iowa Health Care system, Iowa’s only comprehensive academic medical center and the state’s top- ranked hospital, features a 860-bed medical campus employing more than 12,000 individuals and serves as a major regional healthcare destination. Supported by more than 104,000 residents and 88,000 employees within the 5-mile trade area, Iowa City serves as a key target demographic for the Boulder Tap House brand.

The subject property is strategically located near the signalized hard-corner intersection of U.S. Highway 6 and South Gilbert Street (combined 37,900 VPD) and serves as a primary corridor connecting Interstate 80, downtown Iowa City, and the University of Iowa campus. The surrounding retail corridor is anchored by a strong mix of national and regional retailers, including Natural Grocers, Hy-Vee, Walmart Supercenter, and Aldi, providing a significant concentration of daily consumer traffic. Located approximately one mile from the University of Iowa, the property benefits from direct access to one of the nation’s leading public research universities and a flagship Big Ten institution with 31,000+ students. Approximately 72% of students reside off campus, generating consistent demand for dining, entertainment, and service-oriented retailers throughout the immediate trade area. In addition, the university’s nationally recognized NCAA Division I athletic programs attract substantial visitor traffic and consumer spending throughout the year. Moreover, the University of Iowa Health Care system, Iowa’s only comprehensive academic medical center and the state’s top-ranked hospital, features a 860-bed medical campus employing more than 12,000 individuals and serves as a major regional healthcare destination. Supported by more than 104,000 residents and 88,000 employees within the 5-mile trade area, Iowa City serves as a key target demographic for the Boulder Tap House brand.

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