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150 SE Alices Rd
Waukee, IA 50263
IHOP · Retail Property For Sale

Investment Highlights

  • Positioned within the Des Moines MSA – Ranked #82 in the United States for population size » Absolute NNN – No landlord responsibilities.
  • Affluent Area - $166,000+ average household income within three miles » Located just off Hickman Road (28,500 VPD)
  • » Dense retail corridor with major retailers – Hy-Vee, ALDI, Ford/ Lincoln, Starbucks, Chase Bank, Chipotle, McDonald’s, Culver’s,
  • 13+ years remaining on the primary lease term » Significant 14% rental escalation in February 2029 » 2019 build-to-suit construction for IHOP
  • Outparcel to the new 62-acre Waukee Towne Center retail development » Within walking distance of the 459-unit Brick Towne at Prairie
  • Caribou Coffee, Hawaiian Bros, Slim Chickens, & many others » Over 99,000 people live within a five-mile radius

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.14 AC
Parking
41 Spaces (8.2 Spaces per 1,000 SF Leased)
  • Listing ID: 36754998

  • Date on Market: 7/16/2025

  • Last Updated:

  • Address: 150 SE Alices Rd, Waukee, IA 50263

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