Log In/Sign Up
Your email has been sent.
709 34th Ave
Altoona, IA 50009
Two-Tenant Dollar Tree Anchored Retail · Retail Property For Sale
Investment Highlights
- Stable, income-producing asset
- Steadily expanding market
- Positioned near high-traffic national retailers and regional attractions
Executive Summary
Located in the thriving retail corridor of Altoona, Iowa, this two-tenant investment property at 709 34th Ave SW presents a compelling opportunity to acquire a stable, income-producing asset in one of the Des Moines metro’s most dynamic growth areas. Positioned near high-traffic regional attractions and surrounded by strong national retailers, the center benefits from excellent visibility, convenient access, and a robust consumer draw. With two established tenants in place and modern construction, this property offers investors a desirable combination of dependable cash flow, minimal management responsibilities, and long-term value in a steadily expanding market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,077 SF
Building Class
B
Year Built
2020
Price
$2,395,000
Price Per SF
$216.21
Cap Rate
6.79%
NOI
$162,621
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.70 AC
Zoning
Commercial
Parking
16 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
188’ on 34th Ave
Property Taxes
| Parcel Number | 171/00387-700-002 | Improvements Assessment | $2,101,000 |
| Land Assessment | $969,000 | Total Assessment | $3,070,000 |
Property Taxes
Parcel Number
171/00387-700-002
Land Assessment
$969,000
Improvements Assessment
$2,101,000
Total Assessment
$3,070,000
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
