Price: $1,250,000 | 10.32% Cap Rate | Self Managed | Value Add Investment We recently signed two new leases at the property to bring occupancy back to 100% and have increased the effective gross income to $193,200 per year. The property is 100% leased with 7 tenants. 5900-5914 SE 14th St consists of 3 retail buildings totaling 30,684 rental SF and sits on 1.424 acres of land at the lit corner of SE 14th St and E Diehl Ave in Des Moines. Surrounding retailers include Menards, Napa Auto Parts, Kum & Go, Culvers, Starbucks, Walmart, Home Depot, and more! This is an excellent redevelopment or value-added opportunity for a new investor as the property is 100% leased with 7 tenants all with below-market rental rates, and short-term rents. This allows flexibility for a new investor to either boost rents and/or let leases expire to complete a new development at this prominent Des Moines out lot location.