Starbucks & Jersey Mikes 1804 Washington st 4,126 SF 100% Leased 4-Star Retail Building Pella, IA 50219 $3,615,308 ($876.23/SF) 6.50% Cap Rate

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in the two-tenant plaza located at 1804-1808 Washington Street in Pella, Iowa (the “Property”). The newly constructed plaza is improved with Starbucks and Jersey Mike’s and contains 4,126 square feet on a large 1.76- acre parcel. Starbucks has 10-year lease with four (4), 5-year renewal options and Jersey Mike’s has 10-year lease with three (3), 5-year renewal options. Both tenants’ leases call for attractive rent increases every five years throughout the primary lease terms and renewal option periods. The Property is strategically positioned at the intersection of Washington Street and 218th Place within Pella’s primary retail corridor, offering strong frontage, visibility, and access along one of the community’s main commercial routes. Located adjacent to the Walmart Supercenter plaza, the site benefits from its placement within the core retail trade area serving Pella, Iowa. The location also provides convenient access to key demand drivers including Central College, Pella Regional Health Center, and major employers such as Vermeer Corporation and Pella Corporation, supporting consistent retail activity in the immediate area.