Commercial Real Estate in Iowa available for sale
NNN Properties For Sale

NNN Properties for Sale in Iowa, USA

More details for 1255 Theatre Dr, Ottumwa, IA - Retail for Sale

Aspen Dental & Jersey Mike's | Corp NNN - 1255 Theatre Dr

Ottumwa, IA 52501

  • NNN Property
  • Retail for Sale
  • $2,739,479 CAD
  • 5,074 SF
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More details for 4416 Merle Hay Rd, Des Moines, IA - Retail for Sale

Caliber Collision | NNN Lease - 4416 Merle Hay Rd

Des Moines, IA 50310

  • NNN Property
  • Retail for Sale
  • $2,088,854 CAD
  • 5,455 SF

Des Moines Retail for Sale - Western Suburbs

This offering presents a rare opportunity to acquire a property leased to Caliber Collision, the nation’s largest auto body repair company, under a long-term triple net lease extending through 2031. The lease is backed by a corporate guaranty from Wans Newco 3, Inc., the parent entity of Caliber, ensuring strong credit reliability. Investors benefit from built-in 2% annual rental increases, providing consistent income growth and a hedge against inflation, along with two 5-year renewal options featuring fair market rent adjustments. The property is strategically positioned along Merle Hay Road, a well-known “Dealership Row” surrounded by high-traffic auto dealerships including Kia, Ford, and Nissan. This dominant co-tenancy aligns with Caliber’s business model, creating strong captive demand for collision repair services. Market fundamentals further support the asset’s performance, with more than 187,000 residents within a 5-mile radius and average household incomes exceeding $102,000. Located in Iowa’s largest metropolitan statistical area, the Des Moines metro boasts a population of approximately 707,000 and continues to experience robust growth of 4.5%. The site benefits from Caliber’s proven operational history, having been successfully integrated into the network following its 2021 acquisition under a sale-leaseback structure. This combination of credit-backed tenancy, predictable rent escalations, and a thriving location makes this property an attractive investment with long-term stability and upside potential.

Contact:

Marcus & Millichap

Property Subtype:

Auto Repair

Date on Market:

2026-05-05

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More details for 3053 8th St W, Altoona, IA - Retail for Sale

Chipotle & Dunkin Retail Center in Des Moines - 3053 8th St W

Altoona, IA 50009

  • NNN Property
  • Retail for Sale
  • $6,389,837 CAD
  • 9,728 SF
  • 24 Hour Access
  • Restaurant

Altoona Retail for Sale - Northeast

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell Inc., as exclusive advisors to Seller, are pleased to present the opportunity to acquire Altoona Acres, a multi-tenant retail strip located in Altoona (Des Moines), Iowa (the “Property”). The Property is occupied by a synergistic mix of nationally recognized and service-oriented tenants featuring a new 10-year lease with Chipotle, Dunkin’ Donuts drive thru end cap, and additional tenancy including Supercuts, Planet Smoothie, and RC Dermatology. The Property is strategically positioned at a signalized intersection along Altoona’s 8th Street SW, the city’s main east–west thoroughfare, offering direct access to US Route 65 and the greater Des Moines metro. The 8th Street corridor is anchored by major national retailers including Walmart, Target, Menards, Lowe’s, Aldi, and Panda Express, forming a dominant retail hub with strong co-tenancy. Further, the property sits adjacent to a Raising Cane’s, which draws significant consumer traffic to the immediate area. The Property benefits from proximity to major regional attractions, including Prairie Meadows Casino & Racetrack and Adventureland Park, two of the region’s most heavily visited attractions, which collectively draw nearly 3 million annual visitors. Additionally, the Property is situated just minutes from Outlets of Des Moines, a premier open-air outlet center featuring approximately 300,000 square feet of retail space and more than 50 national and designer retailers. These regional draws significantly enhance consumer traffic to the area and support tenant performance, while ongoing development and commercial expansion continue to strengthen the corridor’s long-term growth trajectory. Altoona has experienced an exceptional 17.50% increase in population growth since 2020, supported by continued residential expansion and favorable demographics, including average household incomes exceeding $90,000 within a 5-mile radius. Altoona is also a major hub for data center development, anchored by Meta’s global flagship data center campus, the largest in the United States, spanning over 5 million square feet with more than $3 billion invested since 2013. Further, Tract, an institutional developer of master-planned data center campuses, has recently announced the acquisition of a 453-acre fully entitled site in Altoona capable of supporting over 1 gigawatt of capacity in one of the country’s most vibrant and reliable data center markets.

Contact:

Pegasus Investments

Date on Market:

2026-05-04

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More details for 331 NE Cypress Dr, Grimes, IA - Retail for Sale

STNL US Bank | Abs. NNN | 2% Annual Increases - 331 NE Cypress Dr

Grimes, IA 50111

  • NNN Property
  • Retail for Sale
  • $2,314,861 CAD
  • 4,500 SF

Grimes Retail for Sale - Western Suburbs

Pegasus Investments Real Estate Advisory Inc. and ParaSell, as exclusive advisors to the Seller, are pleased to present the opportunity to acquire a newly constructed U.S. Bank located in the rapidly expanding suburb of Grimes within the Greater Des Moines, Iowa MSA (the “Property”). Strategically positioned within Grimes’ primary retail node, the Property bene?ts from immediate proximity to a complementary mix of national big box anchors, quick service restaurants, and a newly developed state-of-the-art sports complex. The Property is secured by a new 10-year absolute triple net lease to investment grade rated U.S. Bank National Association (S&P: “A+”) , featuring above market 2% annual rent escalations and four (4) ?ve-year extension options, providing investors with stable, long-term, in?ation-resistant passive income. Offered at an attractive $1.6 million price point, the opportunity presents an exceptional chance to acquire a small price point property backed by investment grade tenancy in a highly developing market. The Property is ideally situated between a high-performing Hy-Vee grocery store (82nd percentile nationwide, placer.ai), generating over 1.4 million annual visits, and the newly delivered “GrimesPlex,” a Hy-Vee-sponsored 50-acre multi-sport complex recognized as one of the largest of its kind in the Midwest. The surrounding retail corridor is further enhanced by a strong lineup of nationally recognized big box retailers including Walmart and Menards, in addition to a best in class line up of retailers featuring Chipotle, Starbucks, Aldi, McAllister’s, McDonald’s, Culver’s, Arby’s and others, driving consistent consumer traf?c to the immediate area and reinforcing the Property’s underlying fundamentals. Grimes is one of the fastest-growing submarkets within Des Moines and a key driver of regional expansion. The immediate trade area has experienced a 22.2% population increase within a 1-mile radius since 2020, with projections indicating approximately 70% additional population growth over the next ?ve years. The Property is further supported by strong demographics, with average household incomes exceeding $136,000 within 5-mile radius, providing a highly af?uent and expanding consumer base. Consistently ranking as the fastest growing metro in the Midwest, the greater Des Moines metro continues to attract new residents and investment due to its low cost of living, high quality of life and dynamic job market. This exceptional growth has fueled over $885 million in completed developments since 2018 within the city of Grimes, with signi?cant additional projects underway. Directly across from the Property, a new Tru by Hilton hotel was completed in late 2025, further enhancing lodging and commercial demand in the immediate area. Future development includes the $180 million, 200-acre mixed-use Hope District, which is expected to deliver approximately 320 apartments, 80 townhomes, and additional retail space along NW 70th Avenue, further increasing daily traf?c and consumer density. In addition, the City of Grimes is projected to invest approximately $40 million in infrastructure improvements in 2026 alone to support the area’s rapid population and economic growth.

Contact:

Pegasus Investments

Property Subtype:

Bank

Date on Market:

2026-04-29

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More details for 1820 SE 16th St, Ames, IA - Retail for Sale

1820 SE 16th St

Ames, IA 50010

  • NNN Property
  • Retail for Sale
  • $4,826,704 CAD
  • 6,500 SF
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More details for 3109 S Center St, Marshalltown, IA - Retail for Sale

Marshalltown Center - 3109 S Center St

Marshalltown, IA 50158

  • NNN Property
  • Retail for Sale
  • $4,824,224 CAD
  • 6,600 SF

Marshalltown Retail for Sale

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 premier 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.

Contact:

JLL

Property Subtype:

Service Station

Date on Market:

2026-04-24

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More details for 901 W Platt St, Maquoketa, IA - Retail for Sale

Scooter's Coffee | 6.15% CAP | 15 YEAR LEASE - 901 W Platt St

Maquoketa, IA 52060

  • NNN Property
  • Retail for Sale
  • $1,135,882 CAD
  • 646 SF

Maquoketa Retail for Sale

Prime Net Lease is pleased to present a compelling opportunity to acquire the fee simple interest in a recently constructed Scooter’s Coffee location in Maquoketa, IA. Built in 2022, this high-performing site has been selected for a long-term sale-leaseback with one of Scooter’s Coffee’s top franchise operators, further underscoring the strength and proven success of the location. At closing, the property will be delivered with a brand-new 15-year absolute NNN lease featuring 10% rental increases every 5 years and during the option periods, providing consistent income growth and strong inflation protection. The lease is structured with a healthy, below-market rent-to-sales ratio (contact agent for details), offering added confidence in the tenant’s long-term sustainability and performance. Strategically positioned along W Platt St, the property benefits from excellent visibility and exposure to approximately 10,000 vehicles per day. The site is surrounded by a strong mix of national and regional retailers, including McDonald’s, Subway, Dollar General, Casey's, Dollar Tree, and O'Reilly Auto Parts, all of which drive significant daily consumer traffic to the area. The combination of a newly built asset, long-term lease, absolute NNN structure with zero landlord responsibilities, strong franchisee, and high-traffic location makes this an outstanding investment opportunity. Scooter’s Coffee, headquartered in Omaha, NE, has upwards of 900 locations across 30+ states. Founded in 1998, Scooter’s Coffee continues its rapid expansion and is firmly establishing itself as a leading national coffee brand.

Contact:

Prime Net Lease

Property Subtype:

Service Station

Date on Market:

2026-03-30

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More details for 9150 SE University Ave, West Des Moines, IA - Retail for Sale

Hy-Vee Fast & Fresh with Smokey Row Coffee - 9150 SE University Ave

West Des Moines, IA 50266

  • NNN Property
  • Retail for Sale
  • $8,619,774 CAD
  • 6,529 SF
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More details for 401 E White St, Preston, IA - Retail for Sale

401 E White St

Preston, IA 52069

  • NNN Property
  • Retail for Sale
  • $1,500,595 CAD
  • 9,270 SF
  • Air Conditioning

Preston Retail for Sale

WSG CRE has been retained by ownership to market the fee simple interest in 401 E White St, Preston, IA, a Dollar General property. Dollar General has occupied the site since 2017 and operates under a net lease with a term extending through 2032. The lease is backed by a corporate guarantee from Dollar General Corporation. CORPORATE GUARANTY | NNN LEASE STRUCTURE The property is leased to Dollar General under a triple-net (NNN) lease structure with no landlord responsibilities, providing investors with a truly passive, management-free investment opportunity. All operating expenses, including taxes, insurance, and maintenance, are the responsibility of the tenant. LIMITED COMPETITION | COMPELLING VISIT STATISTICS The Dollar General in Preston, IA is the only dollar store in the community and the only one within a 12- mile radius, with the nearest location in Savannah, IL. The store receives more than 119,000 visits per year and ranks in the top 30% of Dollar General locations in Iowa, according to Placer.ai. The lack of nearby competition and strong visit data support the location’s consistent performance. STRONG IN-PLACE CASH FLOW The asset is offered at an asking price of $1,095,533, reflecting a 7.50% cap rate on current NOI of $82,165. The property offers stable, predictable annual income backed by a nationally recognized retailer, with 10% rental increases in each of the five option periods. 2017 CONSTRUCTION | LIMITED EXPOSURE Constructed in 2017, the building is relatively new and in good condition, which may reduce the need for significant capital expenditures during the hold period. The property also features Dollar General’s typical galvalume steel roof, which has an estimated useful life of more than 40 years.

Contact:

WSG CRE

Property Subtype:

Freestanding

Date on Market:

2026-03-06

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More details for 2055 N Towne Ln NE, Cedar Rapids, IA - Industrial for Sale

2055 N Towne Ln NE

Cedar Rapids, IA 52402

  • NNN Property
  • Industrial for Sale
  • $5,472,111 CAD
  • 63,200 SF
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More details for 2400 N 4th St, Red Oak, IA - Retail for Sale

2400 N 4th St

Red Oak, IA 51566

  • NNN Property
  • Retail for Sale
  • $2,849,059 CAD
  • 22,950 SF
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More details for 505 2nd Ave, Sheldon, IA - Retail for Sale

Hardee's Absolute NNN Lease - 505 2nd Ave

Sheldon, IA 51201

  • NNN Property
  • Retail for Sale
  • $995,801 CAD
  • 3,434 SF
  • Restaurant

Sheldon Retail for Sale

Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in Hardee's located at 505 2nd Ave in Sheldon, IA. This 3,434 SF quick-service restaurant sits on 0.82 acres and is secured by a long-term absolute NNN lease extending through August 2040. This investment opportunity offers investors a truly passive ownership experience through its absolute NNN lease structure, where Superior Star LLC, a well-capitalized franchisee operating 93+ Hardee's locations across 11 states, handles all operational aspects and property expenses. The lease provides built-in rent escalations every five years, with current annual income of $50,871 and four additional renewal options that could extend the tenancy through 2060. Sheldon represents an attractive market for quick-service restaurants, with Hardee's enjoying minimal direct competition from national fast-food brands in this community of approximately 5,200 residents. The restaurant benefits from its strategic positioning at Highway 18 and 320th Street, capturing traffic from both local residents and travelers along the primary east-west corridor. The surrounding area features complementary businesses including Casey's General Store and Subway, while the proximity to Sheldon Public Schools and Sheldon City Park generates consistent customer flow throughout the day. As the largest city in O'Brien County, Sheldon maintains economic stability through its diversified base of agriculture, manufacturing, and regional services. The community's strategic location provides businesses with access to larger markets while benefiting from lower operational costs and a stable workforce. Please refer to the OM for more information on this investment opportunity.

Contact:

JLL

Date on Market:

2026-02-20

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More details for 2029 5th Ave N, Fort Dodge, IA - Retail for Sale

CVS - 2029 5th Ave N

Fort Dodge, IA 50501

  • NNN Property
  • Retail for Sale
  • $4,943,022 CAD
  • 13,244 SF

Fort Dodge Retail for Sale

Hard Corner Location | Main Retail Corridor | 20,000 VPD • CVS sits at the hard corner of 5th Ave S and S 121st St with excellent visibility to roughly 20,000 vehicles per day. • 5th Ave S serves as Fort Dodge’s main retail corridor, with numerous national retailers in the immediate area. o Major retailers in the surrounding area include ALDI, Menard’s, Walmart Supercenter, Target, and Dollar General, amongst others. o Other 5th Ave S retailers include O’Reilly Auto, Starbucks, Wendy’s, Bath & Body Works, Dunkin’, Advance Auto, Buffalo Wild Wings, and many more. 6 Minutes From UnityPoint Health - Trinity Regional Medical Center | Near Other Medical Offices and Facilities • CVS is situated approximately 6 minutes away from the UnityPoint Health - Trinity Regional Medical Center, a 200-bed regional referral center employing over 1,000 healthcare professionals and supported by a medical staff of 65 physicians. • Trinity is part of UnityPoint Health – Fort Dodge, within the broader UnityPoint Health network that serves communities across Iowa and parts of Illinois. • UnityPoint Health – Fort Dodge provides services for 8 counties in North Central Iowa, an approximate population of 137,000. • The surrounding area is home to a dense cluster of medical offices and healthcare facilities that drive steady traffic and daytime demand. Absolute NNN Lease | Corporate Guarantee | Zero Landlord Responsibilities | No Rent Holiday • The Property is subject to a long-term Absolute NNN lease with CVS which provides for zero landlord responsibilities and a completely passive investment. The lease boasts a corporate guarantee for added security. • This particular CVS does not have a common “Rent Holiday” clause nor any decrease in rent during the 1 first two option periods. Great Local Synergies | Schools | Nestle Purina PetCare Plant – $200M 2024 Investment | Other Distribution and Manufacturing • CVS is located within 10 minutes of numerous local schools including, but not limited to, Cooper Elementary, Fort Dodge Senior High and Middle, Fair Oaks Middle, and Saint Edmond Catholic School, among many others. As well, the Property is less than 10 minutes from Iowa Central Community College. • The Property is located roughly a quarter mile from Nestlé Purina’s PetCare manufacturing facility, which has produced canned cat food in Fort Dodge since 1995. In February 2024, Nestlé announced a $200 million expansion of the plant, reinforcing its long-term investment in the area. • Fort Dodge is home to a diverse base of manufacturing and distribution employers, including Pepsi, Winger Companies, National Gypsum Co., United States Gypsum Co., and Northern Lights Foodservice. fil-A, Tidal Wave Auto Spa, UnityPoint Health, and More • The Property is located just one-half mile from Corridor Plaza & Pavilion, a $90+ million redevelopment of the former Crossroads Mall. The project received over $17 million in Iowa Reinvestment District funding in 2021 to transform the site into a vibrant mixed-use district featuring event, retail, and hospitality uses. • Construction began in late 2024, with confirmed and planned tenants including Hy-Vee, Chick-fil-A, UnityPoint Health, Discount Tire, Tidal Wave Auto Spa, maurices, Dunham Sports, and many more. Proximity to Iowa’s Best Recreation | 800-Acre Offroad Park | 3 Time “Iowa’s 18-Hole Course of the Year” | 100-Acre Sports Complex – Host of State High School Softball Tournament 70+ Consecutive Years • CVS is located 10 minutes from the Gypsum City OHV Park. The 800-acre Off-Highway Vehicle park is Iowa’s largest with over 65 miles of trails for ATV, motorcycle, and other offroad riders. • The Property is also near the Harlan & Hazel Rogers Sports Complex, a 100-acre venue with 24 playing fields that holds state tournaments and community sports events. The Complex plays host for numerous Fort Dodge High School and Iowa Central Community College teams in addition to hosting the Iowa High School Girls State Softball tournament for the past 70+ years. • The Property is 5 minutes away from the Rosedale Rapids Aquatic Center, which features over 30 different water attractions for children, as well as the Oleson Park Splashpad and Music Pavilion. • Additionally, CVS is 10 minutes away from the Fort Dodge Country Club. The club’s semi-private golf course has been voted “Iowa’s 18-Hole Course of the Year” three separate times, most recently in 2022. • Other recreational activities in the area include the Webster County Fairgrounds, the Sports Park Raceway, a disc golf course, bowling alley, and numerous local/state parks, trails, rivers, and creeks.

Contact:

Bang Realty

Property Subtype:

Drug Store

Date on Market:

2025-11-20

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More details for 600 3rd Ave SE, Cedar Rapids, IA - Office for Sale

600 3rd Ave SE

Cedar Rapids, IA 52401

  • NNN Property
  • Office for Sale
  • $5,273,499 CAD
  • 40,764 SF
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More details for 1501 E Euclid Ave, Des Moines, IA - Retail for Sale

Abelardo's - 1501 E Euclid Ave

Des Moines, IA 50313

  • NNN Property
  • Retail for Sale
  • $1,773,813 CAD
  • 3,123 SF
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More details for 2515 Nw Arterial, Dubuque, IA - Retail for Sale

Asbury Plaza - 2515 Nw Arterial

Dubuque, IA 52002

  • NNN Property
  • Retail for Sale
  • $7,396,596 CAD
  • 16,100 SF
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More details for 122 N Main St, Monticello, IA - Retail for Sale

122 N Main St

Monticello, IA 52310

  • NNN Property
  • Retail for Sale
  • $7,722,594 CAD
  • 27,490 SF
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More details for Hwy 6, Tiffin, IA - Retail for Sale

Dollar General - Tiffin IA - Hwy 6

Tiffin, IA 52340

  • NNN Property
  • Retail for Sale
  • $3,029,694 CAD
  • 10,542 SF
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More details for 330th St, Conrad, IA - Retail for Sale

Dollar General - Conrad IA - 330th St

Conrad, IA 50621

  • NNN Property
  • Retail for Sale
  • $2,674,554 CAD
  • 10,640 SF
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