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Abelardo's 1501 E Euclid Ave 3,123 SF Retail Building Des Moines, IA 50313 $1,807,716 CAD ($578.84 CAD/SF) 6.73% Cap Rate
EXECUTIVE SUMMARY
Take advantage of this rare opportunity to own a stabilized single-tenant investment property in a high-visibility location along E Euclid Avenue. The building totals 3,132 square feet and is fully leased under a brand-new 10-year lease term, offering reliable cash flow and long-term tenant stability.
Recent capital improvements include a new roof, HVAC system, grease trap, and updated site plan. The drive-thru has also been upgraded with new concrete, enhancing both functionality and curb appeal.
Located in a high-traffic corridor with strong surrounding demographics, this property presents a turnkey investment with minimal near-term maintenance needs and a committed tenant in place.
Recent capital improvements include a new roof, HVAC system, grease trap, and updated site plan. The drive-thru has also been upgraded with new concrete, enhancing both functionality and curb appeal.
Located in a high-traffic corridor with strong surrounding demographics, this property presents a turnkey investment with minimal near-term maintenance needs and a committed tenant in place.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,123 SF
Building Class
B
Year Built
1995
Price
$1,807,716 CAD
Price Per SF
$578.84 CAD
Cap Rate
6.73%
NOI
$121,585 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.95 AC
Zoning
M-1
Parking
55 Spaces (17.61 Spaces per 1,000 SF Leased)
Frontage
167’ on E Euclid Ave
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 110-00554028007 | Improvements Assessment | $411,460 CAD |
| Land Assessment | $470,643 CAD | Total Assessment | $882,103 CAD |
PROPERTY TAXES
Parcel Number
110-00554028007
Land Assessment
$470,643 CAD
Improvements Assessment
$411,460 CAD
Total Assessment
$882,103 CAD
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Abelardo's | 1501 E Euclid Ave
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