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AutoZone | Waukee, IA 930 E Hickman Rd 7,381 SF Retail Building Waukee, IA 50263 $1,200,000 ($162.58/SF) 4.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Bite-Sized, Single-Tenant Absolute NNN Ground Lease
  • Extremely Below-Market Rent of $7.31 PSF (Contact Broker For Details)
  • Outparcel to the New, 62-Acre Target-Anchored Waukee Towne Center Retail Development
  • Recession- and Internet-Resistant Tenant / “Essential” Business
  • Positioned Right Outside Des Moines, the Midwest’s Fastest-Growing Major Metro
  • Dense Retail Corridor with Major Retailers

EXECUTIVE SUMMARY

Absolute NNN Ground Lease | Investment-Grade Tenant (NYSE: AZO; S&P: BBB) | Outparcel to Target Anchored Waukee Towne Center Development | Extremely Below-Market Rent in the Midwest’s Fastest-Growing Major Metro

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,381 SF
Building Class
B
Year Built
2017
Price
$1,200,000
Price Per SF
$162.58
Cap Rate
4.50%
NOI
$54,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.15 AC

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with stores in the US, Mexico, Brazil and Puerto Rico. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories. AutoZone, headquartered in Memphis, TN, is a growing Fortune 300 company with a deep commitment to serving their customers, communities and fellow AutoZoners. They have vast opportunities in their stores, distribution centers, field offices, specialty business units and Store Support Center and embrace diverse experiences, backgrounds, knowledge and ideas to strengthen their teams and business. Their team is connected by a deep commitment to their Pledge and Values, principles established more than thirty years ago that reinforce their priorities and team culture.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

NEARBY MAJOR RETAILERS

Starbucks
Caribou Coffee
Hy-Vee
Chase
IHOP
Panchero's Mexican Grill
Noodles & Company
Hawaiian Bros Island Grill
StorageMart
Club Pilates
  • Listing ID: 38161557

  • Date on Market: 10/21/2025

  • Last Updated:

  • Address: 930 E Hickman Rd, Waukee, IA 50263

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