www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30879786
30879788

9150 SE University Ave, West Des Moines, IA 50266

DG
NE 20061147
Lee & Associates - Lincoln
Listed by Lee & Associates - Lincoln
$6,293,000
91 days on market
Updated 5 days ago

Hy-Vee Fast & Fresh | 20-Yr Corp. Abs. NNN Lease | Iowa

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 6,674
Pumps 14
Cap Rate 5.25%
NOI $330,363
Occupancy 100%
Tenancy Single
Brand/Tenant Hy-Vee Fast & Fresh
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/21/2043
Remaining Term 17.2
Rent Bumps Yes
Lease Options (7) - 5 Year
Price per SqFt $943
Broker Co-Op Yes
Year Built 2023
Acreage 2.860
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/22/2023
Ground Lease No
Ownership Fee Simple (Land & Building)
Sale Condition 1031 exchange

C-Store & Fueling Station | 17+ Years on Corporate Abs. NNN Lease | W. Des Moines, IA

Investment highlights

  • Hy-Vee Inc. Corporate Lease Guaranty – $1 Billion in Revenue (2024) – 17+ Years of Lease Term – Absolute NNN Lease – Zero Landlord Responsibilities

  • Fresh Concept – Hy-Vee Fast & Fresh Offers a Market Grille Express, Pre-Prepared Meal Offerings, Fresh Bakery Items, Grocery Staples, and an In-Store Smokey Row Coffee Shop with Drive-Thru

  • Qualifies for Accelerated or Bonus Depreciation – Strong Fit for Gas Station / C-Store Properties (consult your tax professional)

  • Real Estate Advantage – Located on Signalized Hard Corner – Under 3 Miles from I-80 & I-35 Intersection – Minutes from Hy-Vee Corporate HQ

  • West Des Moines – One of the Fastest Growing Cities in the Midwest – Annual Growth Rate of 1.5% in 2026 – Incredible 50% Growth Rate Since the Year 2000

Listing Contacts

DG
NE 20061147
Lee & Associates - Lincoln
Listed by Lee & Associates - Lincoln

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$330,363.00
$27,530.25/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591