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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
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
- -
Wingstop started in 1994 in Garland, Texas, when Antonio Swad created a wing-focused restaurant concept. The company began franchising in 1997, expanding its presence nationally. Wingstop's menu features classic and boneless wings, plus tenders and sandwiches in various flavors. The chain has grown substantially over the years through franchising and now has a significant global footprint. Wingstop continues to develop new products while maintaining its core chicken wing offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
Walk Score®
Very Walkable (79)
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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