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.