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3430 Martin Luther King Jr Pky 12,212 SF of Retail Space Available in Des Moines, IA 50310
HIGHLIGHTS
- Junior Anchor Position in Grocery Anchored Center
- 17 parking spaces on parcel, plus cross-easement for additional parking
- Double man-door at grade level in rear
- Wet sprinklered
- Elevated Parapet for Signage
- Located on heavily traveled Martin Luther King Junior Parkway - 17,500 VPD (2024)
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 12,212 SF | Negotiable | $7.75 /SF/YR $0.65 /SF/MO $94,643 /YR $7,887 /MO | Triple Net (NNN) |
1st Floor
The property at 3430 MLK Jr. Parkway in Des Moines, Iowa, offers 12,220 square feet of junior anchor retail space for lease at a rate of $7.75 per square foot per year, triple net (NNN), with operating expenses estimated at $5.30 per square foot including utilities. The space is part of the Harding Hills Shopping Center, anchored by Hy-Vee Grocery, and is situated on a 1.13-acre parcel with 17 dedicated parking spaces and additional parking available via cross-easement. The building features a flexible layout suitable for retail, showroom, or service/office uses, and is equipped with wet sprinklers, an elevated parapet for signage, and a double man-door at grade level in the rear. The site is located on Martin Luther King Jr. Parkway, which has an average daily traffic count of 17,500 vehicles, providing strong visibility and accessibility.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Double man-door at grade level in rear.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 12,212 SF | Gross Leasable Area | 12,212 SF |
| Property Type | Retail | Year Built | 1986 |
| Total Space Available | 12,212 SF |
| Property Type | Retail |
| Gross Leasable Area | 12,212 SF |
| Year Built | 1986 |
ABOUT THE PROPERTY
3430 MLK Jr. Parkway is a junior anchor retail space located within the Harding Hills Shopping Center on Des Moines’ north side. The property sits just south of the intersection of Martin Luther King Jr. Parkway and Douglas Avenue, offering controlled access via a signalized intersection. The building is zoned MX3 Mixed Use District and provides a flexible interior layout that can accommodate a variety of retail, showroom, or office/service uses. The site benefits from ample parking, both on the parcel and through shared access with the shopping center, and is surrounded by established businesses including Hy-Vee Grocery, Subway, Boost Mobile, Vanity Beauty Supply, TNT Vietnamese Restaurant, H&R Block, and Affordable Family Storage.
NEARBY MAJOR RETAILERS
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3430 Martin Luther King Jr Pky
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