Kum & Go | Des Moines (Pleasant Hill), IA | 5970 Morning Star Ct
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Kum & Go | Des Moines (Pleasant Hill), IA 5970 Morning Star Ct
5,617 SF Retail Building Des Moines, IA 50327 $6,920,000 ($1,232/SF) 5.15% Cap Rate
Investment Highlights
- New Construction Single-Tenant Kum & Go Rebuild/Expansion Site: Rare 20-year absolute NNN lease; zero landlord responsibilities
- Excellent Access and Visibility: Located just off U.S. Route 65’s University Avenue exit (Highway 163)
- Surrounded by New Developments: Forge65 | The Crossing at Pleasant Hill
- New Construction; Long-Term Historical Occupancy: The tenant has been operating at this location since 2004 - it was torn down and rebuilt in 2022
- Signalized Intersection Location: 25,000 cars per day at the intersection of University Avenue / Highway 163 and 60th Street
- Des Moines, IA Suburb: 840,490 metro population
Executive Summary
New 20-Year Absolute NNN Lease | 7.5% Increases Every 5 Years | Des Moines MSA
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,617 SF
Building Class
B
Year Built
2022
Price
$6,920,000
Price Per SF
$1,232
Cap Rate
5.15%
NOI
$356,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.43 AC
Zoning
C-2
Parking
16 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
1 of 5
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Kum & Go | Des Moines (Pleasant Hill), IA | 5970 Morning Star Ct
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