1500 Washington St | Pella, IA 50219
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- LoopNet Team
1500 Washington St
Pella, IA 50219
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Zero Landlord Responsibilities | Over 16 Years Remaining Lease Term with Two Five-Year Options
- Located in Pella, Iowa, Agricultural and Manufacturing Region about 30 Miles East of Des Moines, and Home to Companies such as the Pella Corporation
- Outparcel to Walmart-Anchored Shopping Center on Washington Street, a Primary East-West Corridor with Traffic Count of over 9,900 Vehicles Per day
- Rental Escalations of 7.5 Percent Every Five Years During Base Term and Options to Hedge Against Inflation
- Located Only 0.7 Miles from Pella Municipal Airport and 0.5 miles from Central College with Over 1100 Students
- Tenants in the Immediate Area Include Walmart Supercenter, Dominos, Applebee’s, Culvers, Taco Bell, and More
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,096 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.30 AC
Zoning
C - Community commercial
Frontage
147’ on Washington Street
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 1739801500 | Improvements Assessment | $1,311,050 |
| Land Assessment | $396,400 | Total Assessment | $1,707,450 |
PROPERTY TAXES
Parcel Number
1739801500
Land Assessment
$396,400
Improvements Assessment
$1,311,050
Total Assessment
$1,707,450
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