6136 SE 14th St - Auto Repair FOR SALE


Des Moines, IA 50320- South Park
$1,173,190 USD
513-300-0763
6136 SE 14th St, Des Moines, IA for Sale
$1,173,190 USD
Auto Repair - FOR SALE
1/4
null | 6.55% Cap Rate

6136 SE 14th St
Des Moines, IA 50320
South Park


HIGHLIGHTS

  • Absolute NNN Jiffy Lube Lease in Des Moines, IA With 14.5+ Years Remaining on Current Term
  • 2% Annual Rent Increases Throughout Current Term and Option
  • 101K+ 5 Mile Population – Surrounded by Upscale Residential Neighborhood With Strong Built-In Customer Base
  • Outparcel to Menards and Surrounded by Several Big Box Tenants Including Walmart, Hobby Lobby, Home Depot, Target, Hy-Vee, and Many More
  • Situated Along Main Thoroughfare SE 14th St With Traffic Counts of 26,300 Vehicles Passing by Daily
  • 4 Miles From Downtown Des Moines, the Capital and Most Populous City in the U.S. State of Iowa

OVERVIEW

**JIFFY LUBE** - **6136 SE 14th St, Des Moines, IA 50320** Introducing this exceptional investment opportunity in Des Moines, IA - a **Jiffy Lube **property with a strong tenant lease in place. With 14.5+ years remaining on the lease term and 2% annual rent increases, this is a lucrative deal at a 6.55% CAP rate. Located on SE 14th St, with over 26,300 vehicles daily, this property benefits from a high-traffic area and a strong customer base from the 101K+ 5-mile population. Surrounded by major retailers like Walmart and Home Depot, this outparcel to Menards is strategically positioned for success. The building, spanning 3,744 SF on 0.63 acres, is leased to **Jiffy Lube International, Inc.** under an Absolute NNN agreement, making this a hassle-free investment opportunity. Don't miss out on owning this prime property in a thriving area just 4 miles from downtown Des Moines and 3 miles from Des Moines International Airport. Contact us today to seize this turnkey investment!

FOR SALE DETAILS

PRICE

$1,173,190 USD

PRICE/SF

$580 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

C2

APN/PARCEL ID

120-04472277000

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.