For Lease
$27/SF/YR

825 Gateway Dr Grimes, IA 50111

New Retail Strip Center, 6 Suites Available

Overview

Added:
Dec 11, 2024
Days on market:
130
Hope Plaza II, a brand-new 21,238 square foot retail strip center in Grimes, Iowa, presents a unique investment or leasing opportunity. Located at 825 NE Gateway Dr, 50111, this property boasts a prime location off heavily trafficked Highway 141, directly east of the GrimesPlex, a 50-acre multi-sport complex. The center features six individual suites, ranging from 1,608 to 1,612 contiguous square feet, with 9,668 square feet currently available. Built in 2022, this property sits on a 3.12-acre lot in Polk County. Hope Plaza II benefits from its proximity to the burgeoning Hope District, a 200-acre mixed-use development currently under construction, which will include retail, restaurants, and hotels, ensuring significant future growth and increased foot traffic. The property is available for both lease and sale, offering flexibility for potential buyers and tenants. This is an exceptional opportunity to establish a presence in a rapidly developing area with high visibility and strong potential for return on investment. The minimum divisible space is 1,608 square feet. This modern, well-situated retail center is ready for immediate occupancy.

Highlights

  • Lease Rate: $27.00/SF/NNN (South Drive-Thru $29.00/SF/NNN)
  • Lot Size: 3.12 acres
  • Suite Sizes: ±1,600 SF
  • 2024 Estimated OPEX: $7.50/SF
  • Generous Tenant Improvement Allowance Available
  • Monument Signage Available

Property Details for 825 Gateway Dr

Property type
Neighborhood centers, Retail properties
RSF (Rentable sq. ft)
21,238 SF
Year Built
2022

Unit(s) available at that property

Space
Suite 108
Size
1,612 SF
Rate per SF
$27
Space
Suite 112
Size
1,612 SF
Rate per SF
$27
Space
Suite 116
Size
1,612 SF
Rate per SF
$27
Space
Suite 120
Size
1,612 SF
Rate per SF
$27
Space
Suite 128
Size
1,608 SF
Rate per SF
$27
Space
Suite 132
Size
1,612 SF
Rate per SF
$27

Location Insight

City
Grimes
County
Polk
State
Iowa
Latitude
41.6945995
Longitude
-93.7760318
825 Gateway Dr, Grimes, Iowa

FAQs

What type of property is this?
Neighborhood center - New Retail Strip Center, 6 Suites Available
Where is the neighborhood center located?
The property is located at 825 Gateway Dr Grimes, IA.
What is the lease rate?
The lease rate is $27/SF/YR.
What are key features of this property?
This property features: Lease Rate: $27.00/SF/NNN (South Drive-Thru $29.00/SF/NNN); Lot Size: 3.12 acres; Suite Sizes: ±1,600 SF
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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825 Gateway Dr
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