Abelardo's Mexican Fresh

For Sale

202 11th Street SW Plz, Spencer, IA 51301

This Spencer property for sale is located at 202 11th Street SW Plz. The current listed sale price for Abelardo's Mexican Fresh is $799,000. Abelardo's Mexican Fresh is situated on a lot that is 0.9 acre in size.

Contacts

broker

Grant Kallevig

Encore Real Estate Investment Services

Property Details

  • Property Type Retail - Restaurant
  • Property Size 5,438 SF
  • Lot Size 0.9 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1979
  • Year Renovated 2023
  • Date Updated May 30, 2024
Near walmart in Spencer IA.

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Highlights

  • Personal Guaranteed Lease Backed by Over 40 Units
  • Spencer Serves as a Regional Hub for the Surrounding 20 Mile Radius
  • Spencer IA has grown by 2.98% since last census
  • Abelardo's is Positioned Along Sepncer's Main Retail Corridor
  • Nearby Retailers Include Walmart, Bomgaars, Hobby Lobby, KFC, Jersey Mike's, Menard's, and Many Others
  • Replaceable Rents of $13.24/SF Make This a Fundamentally Sound Investment

Getting around

  • 62/100

    Walk Score ®

  • 53/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Spencer, IA
  • Neighborhood Spencer
  • Zip Code 51301

Points of Interest

  • Cenex

    8.05 miles

  • KFC

    0.20 miles

  • Arby's

    0.38 miles

  • McDonald's

    0.40 miles

  • Hardee's

    0.41 miles

  • Dairy Queen

    0.52 miles

  • Jimmy John's

    1.15 miles

  • Spencer Golf and Country Club

    2.47 miles

  • Walmart Supercenter

    0.26 miles

  • Southpark Mall

    0.53 miles

  • Fareway

    1.37 miles

  • Hy-Vee

    1.40 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Grant Kallevig

Encore Real Estate Investment Services