1846 NW 86th St
4,468 SF Retail Building Clive, IA 50325 $1,415,901 ($317/SF) 6.55% Cap Rate
Investment Highlights
- Jiffy Lube in Clive, IA with 15+ Years Remaining on Primary Term
- Extremely Dense 5-Mile Demographics With 212,000+ Residents
- Situated in a Dense Retail Corridor With Numerous National Tenants Generating Additional Traf?c to the Area
- Absolute NNN Lease Requiring Zero Landlord Responsibilities
- Excellent Visibility Along NW 86th St With 26,900+ Vehicles Passing/Day
- Corporately Guaranteed Lease, Jiffy Lube International (2,000+ Locations - Subsidiary of Shell Oil Company)
Executive Summary
JIFFY LUBE at 1846 NW 86TH ST, CLIVE, IA 50325, presents a lucrative investment opportunity. Priced at $1,415,901 with a solid 6.55% CAP rate, this property boasts a 4,468 SF building on a spacious .9 AC lot. The attractive features include a long-term absolute NNN lease with Jiffy Lube International, Inc. as the guarantor, ensuring zero landlord responsibilities. With over 15 years left on the lease and a corporately guaranteed agreement, investors can enjoy stable returns. The property benefits from an annual 2% rent increase, situated in a high-traffic area with excellent visibility along NW 86th St. Plus, dense demographics with over 212,000 residents within 5 miles add to the appeal of this investment opportunity. Located near Downtown Des Moines, this property stands out in a dense retail corridor surrounded by national tenants. Don't miss out on this desirable offering in Clive, IA! For more details, visit BANGCRE.COM.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,468 SF
Year Built
1991
Price
$1,415,901
Price Per SF
$317
Cap Rate
6.55%
NOI
$92,742
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.90 AC
Walk Score®
Very Walkable (79)