Listed by CDM Real Estate Services
$4,500,000
Pella Marketplace
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 34,360
Units 13
Cap Rate 8.00%
NOI $360,000
Occupancy 100%
Tenancy Multi
Class B
Year Built 2007
Buildings 1
Stories 1
Acreage 6.250
Investment Type Institutional
Ground Lease No
Excellent Investment Opportunity with Walmart shadowed Retail Center
Marketing description
Investment opportunity featuring a 34,360 SF Walmart shadowed retail center in Pella, Iowa. The center is 100% leased and strategically located along Washington Street, directly adjacent to a Walmart Supercenter. The center offers a strong tenant mix to include Sincera Health, Domino's, Maurices, Great Clips, Whylie Eye Care, Verizon Wireless, Triumph Martial Arts, Premise Health, Mueller Chiropractor, Special Nails & Spa, and Yamato Steak House of Japan. Pella is home to Central College, Pella Corporation, and Vermeer Corporation.
Investment highlights
- Investment Property For Sale
- Walmart Shadowed Retail Center
- Sale Price: $4,500,000
- Excellent Location on Washington Street Adjacent to Walmart Supercenter
- Strong Tenant Mix Includes: Sincera Health, Domino’s, LifeServe Blood Center, Maurices, Great Clips, Verizon Wireless, Triumph Martial Arts, Premise Health, Mueller Chiropractor, Special Nails & Spa, Whylie Eye Care, and Yamato Steak House of Japan
- 5 Minutes from Iowa’s Largest Lake, Lake Red Rock
- Pella is Home to Pella Corporation, Vermeer Corporation and Central College
- Ample Parking
- Great Visibility and Signage Available
Listing Contacts
Listed by CDM Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$360,000.00
$30,000.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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