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5900-5904 SE 14th St
30,684 SF 91% Leased Retail Building Des Moines, IA 50320 $1,325,000 ($43/SF) 8.54% Cap Rate
![5900-5904 SE 14th St, Des Moines, IA for sale - Building Photo - Image 1 of 10](https://images1.loopnet.com/i2/HgMkEo-RBwO-cnG36NPavAKK4Qw11kkjuCgEs2JE74M/110/5900-5904-SE-14th-St-Des-Moines-IA-Building-Photo-1-Large.jpg)
![5900-5904 SE 14th St, Des Moines, IA for sale - Building Photo - Image 2 of 10](https://images1.loopnet.com/i2/S8eyeMDUrgx95wWf4-Xux6f4Ogsn4uPDlaX-XPiLdaI/110/5900-5904-SE-14th-St-Des-Moines-IA-Building-Photo-2-Large.jpg)
![5900-5904 SE 14th St, Des Moines, IA for sale - Building Photo - Image 3 of 10](https://images1.loopnet.com/i2/Vl4VRN58NIWGx6xFoicpx6JkHccYGjEUAauJXHLzgCE/110/5900-5904-SE-14th-St-Des-Moines-IA-Building-Photo-3-Large.jpg)
Investment Highlights
- Lit Corner Lot
- Strong Visibility off of SE 14th
- 29,600 VPD
Executive Summary
5900-5914 SE 14th St consists of 3 retail buildings totaling 31,700 building SF that sit on 1.424 acres of land at the lit corner of SE 14th St and E Diehl Ave in Des Moines. Surrounding retailers include, but are not limited to Menards, Napa Auto Parts, Kum & Go, Culvers, Starbucks, Walmart, Home Depot, and more! This is an excellent redevelopment or value-added opportunity for a new investor as the property is 90% leased with 6 tenants all with below-market rental rates, and short-term rents. This allows flexibility for a new investor to either boost rents and/or let leases expire to complete a new development at this prominent Des Moines out lot location.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income |
$99,999
![]() |
$9.99
![]() |
Other Income |
-
![]() |
-
![]() |
Vacancy Loss |
-
![]() |
-
![]() |
Effective Gross Income |
$99,999
![]() |
$9.99
![]() |
Taxes |
$99,999
![]() |
$9.99
![]() |
Operating Expenses |
$99,999
![]() |
$9.99
![]() |
Total Expenses |
$99,999
![]() |
$9.99
![]() |
Net Operating Income |
$99,999
![]() |
$9.99
![]() |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This 2,700 SF space includes access to a garage space with a drive-in door. The building is located at 5914 SE 14th St in a corner space and is being offered at an attractive lease rate of $2,266/mo - modified gross where tenants pay their utilities. The space includes frontage along NE 14th St with large windows, a carpeted interior, with a partition along the center of the space that works great for a retailer to separate storefront from inventory. There is also a private restroom within the space and plenty of storage area.
Space | Size | Space Use | Position | Available |
5914 | 2,400-2,700 SF | Retail | End Cap | Now |
5914
Size |
2,400-2,700 SF |
Space Use |
Retail |
Position |
End Cap |
Available |
Now |
5914
Size | 2,400-2,700 SF |
Space Use | Retail |
Position | End Cap |
Available | Now |
This 2,700 SF space includes access to a garage space with a drive-in door. The building is located at 5914 SE 14th St in a corner space and is being offered at an attractive lease rate of $2,266/mo - modified gross where tenants pay their utilities. The space includes frontage along NE 14th St with large windows, a carpeted interior, with a partition along the center of the space that works great for a retailer to separate storefront from inventory. There is also a private restroom within the space and plenty of storage area.
Nearby Major Retailers
![Starbucks Starbucks](https://images.loopnet.ca/i2/V11gp9X1QvF-sYuRU43vwjphTt976BD4p9n50Z1aR1w/105/image.png)
![ALDI ALDI](https://images.loopnet.ca/i2/ZYUlCDqP84NW2oQ0_rkeO4IBxAP1rRkxBa2mMn5A2wA/105/image.png)
![Anytime Fitness Anytime Fitness](https://images.loopnet.ca/i2/t3RNkWYXc5vmPmd1J90Q5tui2LR1yrLWIdo-4j_02AE/105/image.jpg)
![Olive Garden Olive Garden](https://images.loopnet.ca/i2/zglABZbZ18odpPBiiddFEJm43FXM3z_TfQgHEY1o-r0/105/image.jpg)
![Chase Bank Chase Bank](https://images.loopnet.ca/i2/bw7biemERZsLn6pwfbqBPxA99wBdOhsB0H3fRLW4AE8/105/image.png)
![Crunch Crunch](https://images.loopnet.ca/i2/hD5lkPibFma-IUH0RYlDFUCsGeO38GWhwxTdCZbaiE0/105/image.png)
![Applebee's Applebee's](https://images.loopnet.ca/i2/aC7_Xy5wRMx3M9kGwBAljeF0pXxhHIYNn052yg6SVC8/105/image.png)
![Bank of Montreal Bank of Montreal](https://images.loopnet.ca/i2/T-ADtBuyLNdYRr3JQDXZiEQ5X8OE3O7bw3BEJmwD2QA/105/image.png)
![IHOP IHOP](https://images.loopnet.ca/i2/e3i9DiB68ovx7dm8KLKS8dvJmXReCEjtOf0qxOxWILI/105/image.jpg)
![Fazoli's Fazoli's](https://images.loopnet.ca/i2/X91diQwUpXR7i79s5ZI4ltzdyKwxXvg139nTCpZ4q5g/105/image.jpg)
PROPERTY TAXES
Parcel Number | 120-00156007002 | Total Assessment | $1,030,550 |
Land Assessment | $394,000 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $636,550 | Tax Year | 2023 |
PROPERTY TAXES
Presented by
![Hansen Real Estate Services, Inc.](https://images1.loopnet.com/i2/1dUg5zBRUkiQY5jQBdSFLlE_xlnMEzUpy6mfG-j6bzQ/105/image.jpg)
5900-5904 SE 14th St
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