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521 E 14th St 3,168 SF 100% Leased Retail Building Des Moines, IA 50316 $725,000 ($228.85/SF) 7.75% Cap Rate
Investment Highlights
- Prime location with high visibility and accessibility
- Tenants include: Wingstop (1,800 SF) and Puff Puff Pass Vape Shop (1,368 SF)
- E 14th St - 21,800 VPD
- Located in the Capitol East neighborhood
- WALT Remaining: 3.7 years
- Pylon Signage available for Tenants
Property Facts
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Wingstop is a publicly traded restaurant franchisor and operator known for its cooked-to-order chicken wings and hand-cut fries. Founded in 1994 in Garland, Texas, the company developed a menu centered on chicken wings prepared in a variety of sauces and seasonings. Wingstop’s business model is based on a mix of franchised and company-owned restaurants across domestic and international markets. The organization relocated its corporate headquarters to 2801 North Central Expressway in Dallas, where its administrative, leadership, and investor-relations functions are based. Wingstop began trading publicly in 2015 and continues to expand its geographic footprint through franchise development. The company remains incorporated in Delaware and operates as a NASDAQ-listed restaurant brand. Its corporate activities include brand management, operational support for franchise partners, and oversight of systemwide performance.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
Property Taxes
| Parcel Number | 040-05032001000 | Improvements Assessment | $425,000 |
| Land Assessment | $154,000 | Total Assessment | $579,000 |
Property Taxes
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521 E 14th St
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