Clive Retail for Sale - Western Suburbs
Bang Realty is pleased to exclusively market for sale a single tenant net leased Maverik property in Clive, Iowa, within the Des Moines MSA. Formerly operated as a Kum & Go for several decades, the property was recently rebranded to Maverik following the brand's $2 billion acquisition of Kum & Go in 2023. The absolute triple-net lease extends through August 2034 with zero landlord responsibilities. It features a 7.5% rental escalation scheduled for 2029, followed by 5% increases in each of the five 5-year renewal options. As a fuel station asset, the property may qualify for 100% bonus depreciation—buyers are encouraged to consult their tax advisors for details.
The 4,995-square-foot building is positioned at a signalized hard corner along 86th Street, which sees approximately 27,000 vehicles per day, and benefits from proximity to several highly trafficked thoroughfares, including I-235 (113,000 VPD), I-80 (109,000 VPD), and US Highway 6 (20,000 VPD). The site sits just four miles east of the West Des Moines Medical Corridor, anchored by MercyOne, UnityPoint Health, and The Iowa Clinic. It is also only minutes from dominant retail corridors featuring a strong concentration of nationally recognized retailers, including Home Depot, Target, Whole Foods, Sam's Club, Walmart Supercenter, Floor & Décor, Ross, and Hy-Vee. The property draws from an affluent trade area of more than 205,000 residents within a five-mile radius, with Clive ranking among Iowa's wealthiest suburbs and average household incomes exceeding $121,000. Underpinning this demographic strength is a deep and diversified employment base. The Des Moines MSA is the fastest growing metro in the Midwest since 2020 and hosts major employers including Principal Financial Group, Wells Fargo, Nationwide Mutual Insurance, and Corteva Agriscience, alongside significant technology investments from Microsoft, Meta, and Apple.
Founded in 1928 and headquartered in Salt Lake City, Utah, Maverik, Inc. is a leading chain of gas stations and convenience stores serving adventure-minded travelers throughout the western United States. Branded as "Adventure's First Stop," Maverik operates more than 800 locations across 21 western states, making it the largest independent fuel marketer in the Intermountain West, and is known for its premium BonFire fresh foodservice program featuring made-fresh-daily burritos, sandwiches, pizzas, and signature coffee blends. In 2023, Maverik significantly expanded its footprint with the acquisition of Kum & Go, which operates more than 300 stores across 13 states, further solidifying its position as one of America's most recognizable convenience-store brands.
