825 Gateway Dr Grimes, IA 50111

Hope Plaza II presents a remarkable NNN investment opportunity in the burgeoning Grimes, IA market. This 21,238 square foot retail strip center, completed in 2022 and renovated in 2023, sits on a 3.12-acre lot at 825 NE Gateway Dr, 50111. Strategically located off heavily trafficked Highway 141, it enjoys exceptional visibility and accessibility. The property benefits from its proximity to GrimesPlex, a new 50-acre multi-sport complex projected to attract 1.5 million visitors annually, and the developing 200-acre Hope District, a mixed-use entertainment area featuring retail, restaurants, and hotels. Individual bays are approximately 1,600 square feet. The property is available for sale at a negotiable price or for lease at $27.00 per square foot, NNN. Estimated operating expenses are $7.50 per square foot. A generous tenant improvement allowance is available, along with monument signage opportunities. Highway 141 boasts a 2021 daily vehicle count of 22,000, ensuring high traffic volume and excellent exposure for tenants. This is an exceptional opportunity to capitalize on the significant growth and development within the Grimes community.