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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
- #1 VISITED WINGSTOP IN THE STATE OF IOWA - RANKED TOP 5% IN THE NATION (Placer.ai)
- WALT Remaining: 3.68 years
- Pylon Signage available for Tenants
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,168 SF
Building Class
C
Year Built
1979
Price
$725,000
Price Per SF
$228.85
Cap Rate
7.75%
NOI
$56,188
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.42 AC
Zoning
C-2
Parking
20 Spaces (6.31 Spaces per 1,000 SF Leased)
Frontage
101’ on 14th St
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Founded in 1994, Wingstop began as a Texas chicken-wing concept and later expanded through franchising. The company operates and franchises restaurants centered on cooked-to-order, hand-sauced and tossed chicken, with a menu built around classic and boneless wings, tenders, chicken sandwiches, seasoned fries, and housemade ranch and bleu cheese dips. Wingstop now serves a global network of restaurants, and most locations are run by brand partners, giving the business a franchise-driven presence across the restaurant industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 040-05032001000 | Improvements Assessment | $425,000 |
| Land Assessment | $154,000 | Total Assessment | $579,000 |
Property Taxes
Parcel Number
040-05032001000
Land Assessment
$154,000
Improvements Assessment
$425,000
Total Assessment
$579,000
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521 E 14th St
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