H&R Block Keokuk

Highlights:

• - Strong National Tenant: Long-term tenant H&R Block, occupying the property since 2005, ensures stability.
• - Tenant-Paid Renovation: Planned full interior renovation in 2025, adding modern appeal at no cost to the owner.
• - Solid Lease Terms: Current lease at $14.35/SF NNN through April 2026, with a 5-year renewal option.
• - High Visibility Location: Situated at the corner of Main and 9th Streets with excellent signage and high traffic.
• - Ample Parking: 25 parking spaces provide convenience for tenants and customers.
• - Attractive Investment Metrics: 9.14% cap rate at a competitive $405,000 list price.
• - Renovated Building: Completely updated in 2005, offering low-maintenance ownership.
• - Great Portfolio Addition: Reliable income stream and long-term value in a prime Keokuk location.

Description:

Prime Single-Tenant Retail Opportunity – 829 Main Street, Keokuk, Iowa

This exceptional investment property is a single-tenant retail building, occupied by a long-term, nationally recognized credit tenant, H&R Block. Strategically located at the corner of Main and 9th Streets, this property offers excellent visibility, great signage, and accessibility in a high-traffic area.

H&R Block has been a reliable tenant since 2005, demonstrating the property’s strong leasing history and tenant satisfaction. The building, originally constructed in 1969, underwent a complete renovation in 2005 and is set for a full interior tenant-paid renovation in summer 2025. With the current lease term ending in April 2026 and a 5-year renewal option, this property offers stability and the potential for continued cash flow.

Key Property Details:

Building Size: 2,580 SF
Lot Size: 0.34 acres
Parking: 25 spaces
Lease Terms: $14.35/SF NNN
Cap Rate: 9.14%
List Price: $405,000

This highly desirable asset is an ideal addition to any portfolio, offering strong income potential, low maintenance requirements, and a well-established tenant. With a national credit tenant in place and a competitive cap rate, this property represents an outstanding opportunity for investors seeking stability and long-term value.

Located at 829 Main Street in Keokuk, Iowa, this Single Tenant Retail building boasts a prime position along the city’s busiest corridor, Main Street, which doubles as both Highway 218 and Highway 61. With approximately 12,100 vehicles passing daily, this location offers exceptional visibility and convenience for retailers, service providers, and local businesses alike. Positioned directly across the street from Walgreens, the property benefits from proximity to high-traffic neighbors that consistently attract a diverse customer base, providing an advantageous setting for foot traffic and brand exposure.

Keokuk, known as the “Gateway City to the West,” sits in the southeast corner of Iowa, bordered by Illinois and Missouri across the Mississippi River. This strategic tri-state location makes it a central hub for residents and travelers from Iowa, Illinois, and Missouri alike. As the most populous city in Lee County, Keokuk is a historical and economic center with a close-knit community feel, a rich history, and a growing number of amenities that draw both locals and visitors year-round.

Main Street’s connection to highways 218, 61, and nearby Highway 136 ensures easy accessibility for both local and regional customers. The city’s infrastructure, supportive business climate, and vibrant small-town character make this retail strip center an attractive destination for businesses looking to establish or expand their presence in the region. The high traffic volume and prominent location provide an ideal setup for businesses seeking high visibility in Keokuk’s retail landscape.

Located at 829 Main Street in Keokuk, Iowa, this Single Tenant Retail building boasts a prime position along the city’s busiest corridor, Main Street, which doubles as both Highway 218 and Highway 61. With approximately 12,100 vehicles passing daily, this location offers exceptional visibility and convenience for retailers, service providers, and local businesses alike. Positioned directly across the street from Walgreens, the property benefits from proximity to high-traffic neighbors that consistently attract a diverse customer base, providing an advantageous setting for foot traffic and brand exposure.

Keokuk, known as the “Gateway City to the West,” sits in the southeast corner of Iowa, bordered by Illinois and Missouri across the Mississippi River. This strategic tri-state location makes it a central hub for residents and travelers from Iowa, Illinois, and Missouri alike. As the most populous city in Lee County, Keokuk is a historical and economic center with a close-knit community feel, a rich history, and a growing number of amenities that draw both locals and visitors year-round.

Main Street’s connection to highways 218, 61, and nearby Highway 136 ensures easy accessibility for both local and regional customers. The city’s infrastructure, supportive business climate, and vibrant small-town character make this retail strip center an attractive destination for businesses looking to establish or expand their presence in the region. The high traffic volume and prominent location provide an ideal setup for businesses seeking high visibility in Keokuk’s retail landscape.

829 MAIN ST #1498 KKK FR106.83' OF 7-9 BLK 125

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