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521 E 14th St 3,168 SF 100% Leased Retail Building Des Moines, IA 50316 $989,074 CAD ($312.21 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Prime location with high visibility and accessibility
- Tenants include: Wingstop (1,800 SF) and Puff Puff Pass Vape Shop (1,368 SF)
- E 14th St - 21,800 VPD
- #1 VISITED WINGSTOP IN THE STATE OF IOWA - RANKED TOP 5% IN THE NATION (Placer.ai)
- WALT Remaining: 3.7 years
- Pylon Signage available for Tenants
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,168 SF
Building Class
C
Year Built
1979
Price
$989,074 CAD
Price Per SF
$312.21 CAD
Cap Rate
7.75%
NOI
$76,653 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.42 AC
Zoning
C-2
Parking
20 Spaces (6.31 Spaces per 1,000 SF Leased)
Frontage
101’ on 14th St
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Wingstop started in 1994 in Garland, Texas, when Antonio Swad created a wing-focused restaurant concept. The company began franchising in 1997, expanding its presence nationally. Wingstop's menu features classic and boneless wings, plus tenders and sandwiches in various flavors. The chain has grown substantially over the years through franchising and now has a significant global footprint. Wingstop continues to develop new products while maintaining its core chicken wing offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 040-05032001000 | Improvements Assessment | $582,586 CAD |
| Land Assessment | $211,102 CAD | Total Assessment | $793,687 CAD |
Property Taxes
Parcel Number
040-05032001000
Land Assessment
$211,102 CAD
Improvements Assessment
$582,586 CAD
Total Assessment
$793,687 CAD
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521 E 14th St
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