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3321 E 14th St
Des Moines, IA 50316
Retail Property For Sale
Investment Highlights
- NNN lease structure with tenant responsible for expenses, reducing ownership risk.
- Over 18,200 vehicles pass along E 14th Street daily, supporting strong traffic exposure.
- Corner lot location providing dual frontage and high visibility along E 14th Street.
- Close proximity to I-235 Euclid Avenue exit with 83,000 vehicles per day for excellent regional access.
Executive Summary
This fully leased standalone retail asset offers an attractive investment opportunity with an established, long-term tenant in place since 1997. Situated on a prominent corner lot at E 14th Street and E Ovid Avenue, the property enjoys excellent visibility and consistent traffic counts of more than 18,200 vehicles per day along E 14th Street. It's convenient access to I-235, located just minutes away via the Euclid Avenue exit, further enhances connectivity and customer accessibility.
The property is presented on an NNN lease structure, with the current tenant covering all expenses. At an offered 8.5% cap rate, this investment delivers compelling returns combined with a dependable income stream from a seasoned occupant. Nearby I-235 sees daily volumes exceeding 83,000 vehicles, creating strong exposure and reinforcing the long-term viability of this retail location. This rare offering blends stability, accessibility, and consistent traffic in a high-demand corridor.
The property is presented on an NNN lease structure, with the current tenant covering all expenses. At an offered 8.5% cap rate, this investment delivers compelling returns combined with a dependable income stream from a seasoned occupant. Nearby I-235 sees daily volumes exceeding 83,000 vehicles, creating strong exposure and reinforcing the long-term viability of this retail location. This rare offering blends stability, accessibility, and consistent traffic in a high-demand corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,760 SF
Building Class
C
Year Built
1968
Price
$660,378 CAD
Price Per SF
$138.73 CAD
Cap Rate
8.91%
NOI
$58,850 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.39 AC
Zoning
C-2
Parking
18 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 110-01528000000 | Improvements Assessment | $213,119 CAD |
| Land Assessment | $163,620 CAD | Total Assessment | $376,739 CAD |
Property Taxes
Parcel Number
110-01528000000
Land Assessment
$163,620 CAD
Improvements Assessment
$213,119 CAD
Total Assessment
$376,739 CAD
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