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3109 S Center St
Marshalltown, IA 50158
Marshalltown Center · Retail Property For Sale
Investment Highlights
- ?Starbucks (36% of GLA) recently opened for business under a new 10-year lease with two 5-year options, providing strong income stability
- Center is positioned within Marshalltown's dominant retail corridor featuring national brands including Walmart, Menards, Culvers, and Aldi
- Only drive-through coffee shop in the immediate trade area, with minimal competition in the broader Marshalltown market
- Recent lease executions bring WALT to 7.9 years and demonstrate active tenant demand for the site, delivering a fully stabilized income stream
- Located on S Center Street, the primary north-south thoroughfare serving the entire community, ensuring maximum visibility and accessibility
- Located just a quarter-mile off of US Highway 30, which is the primary east-west roadway and carries 14,310 VPD
Executive Summary
Jones Lang LaSalle Americas, Inc.? ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in Marshalltown Center located at 3109 S Center St, Marshalltown, IA 50158.? This 6,600 SF multi-tenant retail center sits on 1.09 acres and is 100% occupied with a WALT of 7.9 years, anchored by Starbucks under a new 10-year lease.?
This investment opportunity offers investors a stable, long-term income stream backed by Starbucks, which recently opened under a 10-year absolute NNN lease with four 5-year renewal options that could extend their tenancy through 2056.? Starbucks occupies 36% of the GLA and has built-in rent escalations every five years, providing strong cash flow predictability.? The recent execution of new leases across the center demonstrates active tenant demand and delivers a fully stabilized property with minimal near-term rollover risk.?
Marshalltown Center benefits from exceptional positioning on S Center Street, the primary north-south commercial artery serving the entire community with 14,500 vehicles per day.? The property sits at a signalized intersection just a quarter-mile from US Highway 30, placing it at the heart of Marshalltown's dominant retail corridor alongside national powerhouses including Walmart, Menards, McDonald's, Kwik Trip, Culvers, and Aldi.? Starbucks operates as the only drive-through coffee shop in the immediate trade area with minimal competition across the broader market, while the nearby Walmart generates an impressive 2.4 million visits annually, creating substantial traffic flow that benefits all tenants in the center.?
As a regional hub of approximately 27,000 residents, Marshalltown maintains economic stability through its diversified base of manufacturing, retail, and service industries.? Major employers like JBS, Emerson Process Management, and Lennox Industries anchor the local economy and support consistent retail spending.? The city's strategic location along Highway 30 and recent downtown revitalization efforts position Marshalltown's retail sector for steady, sustainable growth.?
Please refer to the OM for more information on this investment opportunity.?
This investment opportunity offers investors a stable, long-term income stream backed by Starbucks, which recently opened under a 10-year absolute NNN lease with four 5-year renewal options that could extend their tenancy through 2056.? Starbucks occupies 36% of the GLA and has built-in rent escalations every five years, providing strong cash flow predictability.? The recent execution of new leases across the center demonstrates active tenant demand and delivers a fully stabilized property with minimal near-term rollover risk.?
Marshalltown Center benefits from exceptional positioning on S Center Street, the primary north-south commercial artery serving the entire community with 14,500 vehicles per day.? The property sits at a signalized intersection just a quarter-mile from US Highway 30, placing it at the heart of Marshalltown's dominant retail corridor alongside national powerhouses including Walmart, Menards, McDonald's, Kwik Trip, Culvers, and Aldi.? Starbucks operates as the only drive-through coffee shop in the immediate trade area with minimal competition across the broader market, while the nearby Walmart generates an impressive 2.4 million visits annually, creating substantial traffic flow that benefits all tenants in the center.?
As a regional hub of approximately 27,000 residents, Marshalltown maintains economic stability through its diversified base of manufacturing, retail, and service industries.? Major employers like JBS, Emerson Process Management, and Lennox Industries anchor the local economy and support consistent retail spending.? The city's strategic location along Highway 30 and recent downtown revitalization efforts position Marshalltown's retail sector for steady, sustainable growth.?
Please refer to the OM for more information on this investment opportunity.?
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,600 SF
Building Class
C
Year Built/Renovated
1997/2024
Price
$4,816,969 CAD
Price Per SF
$729.84 CAD
Cap Rate
6.85%
NOI
$329,953 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.09 AC
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 8318-11-376-030 | Improvements Assessment | $664,268 CAD |
| Land Assessment | $778,853 CAD | Total Assessment | $1,443,121 CAD |
Property Taxes
Parcel Number
8318-11-376-030
Land Assessment
$778,853 CAD
Improvements Assessment
$664,268 CAD
Total Assessment
$1,443,121 CAD
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