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Pella Marketplace 1514-1598 Washington St

34,728 SF 87% Leased Retail Building Pella, IA 50219 $4,400,000 ($127/SF) 8% Cap Rate

Mixed Use Properties Iowa Pella 1514-1598 Washington St, Pella, IA 50219

Investment Highlights

  • Investment Property For Sale - Walmart Shadowed Retail Center
  • Strong Tenant Mix
  • Excellent Location on Washington Street
  • Ample Parking

Executive Summary

Investment opportunity for this 34,360 SF Walmart shadowed retail center in Pella, Iowa. Only one vacant unit with Landlord Guaranteed Lease for one year. Excellent location on Washington Street, adjacent to Walmart Supercenter. Strong tenant mix to include Sincera Health, Domino's, Maurices, Great Clips, Whylie Eye Care, Verizon Wireless, Triumph Martial Arts, Mueller Chiropractor, Special Nails & Spa, and Yamato Steak House of Japan. Pella is home to Central College, Pella Corporation, and Vermeer Corporation.

Attachments

1514-1598 Washington SALE Flyer 11 14 24

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
34,728 SF
Building Class
C
Year Built
2007
Price
$4,400,000
Price Per SF
$127
Cap Rate
8%
NOI
$352,000
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Land Acres
6.25 AC

Links

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PROPERTY TAXES

Parcel Number 1739800505 Improvements Assessment $2,204,350
Land Assessment $306,500 Total Assessment $2,510,850

PROPERTY TAXES

Parcel Number
1739800505
Land Assessment
$306,500
Improvements Assessment
$2,204,350
Total Assessment
$2,510,850
(515) 901-3403

  • Listing ID: 33873151

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 1514-1598 Washington St, Pella, IA 50219

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Pella Marketplace | 1514-1598 Washington St
(515) 901-3403 x

Pella Marketplace | 1514-1598 Washington St

Sherri Goode

(515) 901-3403

(515) 901-3403

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