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965 SE Alices Rd 4,425 SF Retail Building Waukee, IA 50263 $5,279,682 CAD ($1,193.15 CAD/SF) 6% Cap Rate
Investment Highlights
- Minutes away from newly constructed Target store & the Waukee Towne Center development, Waukee High School, & a myriad of other retail establishments
- (6) 5-year options to renew, with 5% Base Rent increases at the beginning of each option.
- 18,758 vpd on SE Alice’s Road & SE University Avenue
Executive Summary
CBRE is the exclusive advisor for the sale of the NNN leased Slim Chickens restaurant located at 965 SE Alice’s Road in
Waukee, Iowa. The restaurant is located on Alice’s Road - one of the busiest retail corridors in the Des Moines Metro and
within the #1 fastest-growing large city in the State of Iowa.
Waukee, Iowa. The restaurant is located on Alice’s Road - one of the busiest retail corridors in the Des Moines Metro and
within the #1 fastest-growing large city in the State of Iowa.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,425 SF
Building Class
C
Year Built
2025
Price
$5,279,682 CAD
Price Per SF
$1,193.15 CAD
Cap Rate
6%
NOI
$316,781 CAD
Tenancy
Single
Building Height
1 Story
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 5
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965 SE Alices Rd
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