5501 Douglas Ave | Des Moines, IA 50310
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- LoopNet Team
5501 Douglas Ave
Des Moines, IA 50310
NAPA Auto Parts | Des Moines, IA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Double Net (NN) Lease Allows For a Passive Investment With Minimal Landlord Responsibilities
- Tenant Has a Long-Term History at This Location Operating Since 2009
- 2% Annual Rent Increases
- Corporate Guarantee From Genuine Parts Company, Which is the Largest Global Auto Parts Network
- Below Market Rents
- This is a Rare Location For Genuine Parts Company in That They Operate Both Their Auto Parts Supply and Genuine Paints Business at This Location
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
9,010 SF
Building Class
B
Year Built/Renovated
1977/1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.17 AC
Zoning
R1-60
Parking
48 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
95’ on Douglas Ave
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 100-01005003000 | Improvements Assessment | $425,000 |
| Land Assessment | $615,000 | Total Assessment | $1,040,000 |
PROPERTY TAXES
Parcel Number
100-01005003000
Land Assessment
$615,000
Improvements Assessment
$425,000
Total Assessment
$1,040,000
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