Listed by NAI Iowa Realty Commercial - Des Moines
$9,449,000
Wellington Square
Details
Property Type Retail
Sub Type Shopping Center, Strip Center
Square Footage 37,402
Units 14
Cap Rate 6.50%
NOI $612,876
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar Tree, US Bank
Lease Type NNN
Year Built 2007
Buildings 4
Stories 1
Acreage 6.050
Zoning PUD B&C
Parking Spaces 194 spaces
Parking per 1,000 SqFt 5.19
Investment Type Stabilized
Ground Lease Yes
Sale Condition 1031 exchange
Retail | 6.50% CAP | 37,402 SqFt
Marketing description
Wellington Square is a premier neighborhood shopping node located at the intersection of 50th Street and EP True Parkway in West Des Moines. This multi-tenant retail center offers a robust mix of national and local service providers and restaurants, strategically positioned just minutes from the Jordan Creek Towne Center.
Located at the corner of 50th and EP True PKWY in West Des Moines, IA.
Investment highlights
- The center features a diverse mix of 14 units, ranging from essential services to popular dining destinations:
- Anchor/Major Tenants: Dollar Tree and US Bank.
- Dining & Food: Domino's Pizza, Menchie's Frozen Yogurt, Pelican Post Bar & Grille, and LeRoy's Place.
- Health & Wellness: EP True Dental, Bernhardt & Smith Orthodontists, PsychPlus, Sandlot Gym, and Exercise Coach.
- Service & Specialty: Give (Boutique Gift Shop), Z & L Spa, and All About Nails.
Listing Contacts
Listed by NAI Iowa Realty Commercial - Des Moines
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$612,876.00
$51,073.00/mo
Valuation Metrics
0
DSCR
6.49%
Cap Rate
6.49%
ROI
Map
Zoning
PUD/BC PlannedPlanned Unit Development Business And Commercial
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View all 1 uses
View all 1 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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