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STARBUCKS 3830 Merle Hay Rd 1,864 SF Retail Building Des Moines, IA 50310 $1,390,000 ($745.71/SF) 5.75% Cap Rate
Investment Highlights
- Top Performing Location – According to Placer.ai, this location is ranked in the top 90th percentile in the USA, and top 95th percentile in Iowa.
- Excellent Demographics and Trade Area – There are over 195,000 people in a 5-mile radius and average household income exceeds $100,000.
- Premier National Tenant – Starbucks Corporation operates over 40,000 retail stores across 77 countries, and is the largest coffee chain in the US.
- Lowest Rent – Among 190 single-tenant Starbucks listings at the time of this Offering Memorandum, this location pays the lowest rent.
Executive Summary
Adam Marek
License No. F03991000 (IA)
(866) 889-0550
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha,
NE 68154
License No. F03991000 (IA)
(866) 889-0550
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha,
NE 68154
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,864 SF
Building Class
C
Year Built
2005
Price
$1,390,000
Price Per SF
$745.71
Cap Rate
5.75%
NOI
$79,976
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.44 AC
Zoning
C-4
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 100-09472001011 | Improvements Assessment | $646,900 |
| Land Assessment | $411,700 | Total Assessment | $1,058,600 |
Property Taxes
Parcel Number
100-09472001011
Land Assessment
$411,700
Improvements Assessment
$646,900
Total Assessment
$1,058,600
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STARBUCKS | 3830 Merle Hay Rd
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