4425 Hubbell Ave Des Moines, IA 50317

This exceptional Des Moines investment opportunity presents a multi-tenant retail property at 4425 Hubbell Ave, situated on a 0.693-acre lot in Polk County, Iowa (zip code 50317). The property, built in 1990 and renovated in 2020, encompasses 4,400 square feet across two single-story buildings. Currently operating at 100% occupancy since October 26, 2022, this property offers a compelling 6.50% cap rate. The asking price is $725,000. The property is zoned MX3, allowing for flexible uses, including auto shop, daycare, and storefront operations. The building features a well-finished interior, including office, showroom, and training room spaces, along with a 900 square foot heated and cooled warehouse area complete with a drive-in door. This location benefits from high daily traffic counts (13,100 vehicles), and its proximity to Altoona, Highway 69, and I-80 ensures excellent accessibility. The property's diverse tenant mix contributes to its strong performance and stable income stream. This is an owner-user opportunity with a Net Net Net (NNN) lease type. The property's location within a developing retail and light industrial area promises continued growth and value appreciation.