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Abelardo's 1501 E Euclid Ave 3,123 SF Retail Building Des Moines, IA 50313 $1,295,000 ($414.67/SF) 6.73% Cap Rate
Executive Summary
Take advantage of this rare opportunity to own a stabilized single-tenant investment property in a high-visibility location along E Euclid Avenue. The building totals 3,132 square feet and is fully leased under a brand-new 10-year lease term, offering reliable cash flow and long-term tenant stability.
Recent capital improvements include a new roof, HVAC system, grease trap, and updated site plan. The drive-thru has also been upgraded with new concrete, enhancing both functionality and curb appeal.
Located in a high-traffic corridor with strong surrounding demographics, this property presents a turnkey investment with minimal near-term maintenance needs and a committed tenant in place.
Recent capital improvements include a new roof, HVAC system, grease trap, and updated site plan. The drive-thru has also been upgraded with new concrete, enhancing both functionality and curb appeal.
Located in a high-traffic corridor with strong surrounding demographics, this property presents a turnkey investment with minimal near-term maintenance needs and a committed tenant in place.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,123 SF
Building Class
B
Year Built
1995
Price
$1,295,000
Price Per SF
$414.67
Cap Rate
6.73%
NOI
$87,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.95 AC
Zoning
M-1
Parking
55 Spaces (17.61 Spaces per 1,000 SF Leased)
Frontage
167’ on E Euclid Ave
Amenities
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 110-00554028007 | Improvements Assessment | $292,000 |
| Land Assessment | $334,000 | Total Assessment | $626,000 |
Property Taxes
Parcel Number
110-00554028007
Land Assessment
$334,000
Improvements Assessment
$292,000
Total Assessment
$626,000
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Abelardo's | 1501 E Euclid Ave
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