For Sale
$1,500,000
4241 Merle Hay Rd Des Moines, IA 50310
- Added:
- Dec 11, 2024
- Days on market:
- 131
Highlights
- New construction, single-tenant 7 Brew Coffee, located at a dominant retail intersection. A new 15-year absolute NNN ground lease is in place.
- Lease features a 3% annual rent increase throughout the base term and five 5-year option periods; the highest increase offered among current 7 Brew market listings, adding $450,000 in capitalized value by lease end.
- Lease is guaranteed by experienced multi-unit operators with a combined portfolio of 145+ units.
- The partnership secured development rights for all of Iowa, with a minimum of 32 stores planned, and potential for more.
- 7 Brew operates 275+ locations across 31 states, with ongoing expansion plans.
- 7 Brew achieved an average unit volume of $1.8M in 2023, a top performer in the drive-thru coffee segment.
Property Details for 4241 Merle Hay Rd
- Property type
- Retail properties
- Year Built
- 2024
- Lot Size (sq. ft)
- 31,363 SF
Location Insight
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Latitude
- 41.636759014311
- Longitude
- -93.696708671074
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 4241 Merle Hay Rd Des Moines, IA.
- What is the asking price?
- The asking price for this property is $1,500,000.
- What are key features of this property?
- This property features: New construction, single-tenant 7 Brew Coffee, located at a dominant retail intersection. A new 15-year absolute NNN ground lease is in place.; Lease features a 3% annual rent increase throughout the base term and five 5-year option periods; the highest increase offered among current 7 Brew market listings, adding $450,000 in capitalized value by lease end.; Lease is guaranteed by experienced multi-unit operators with a combined portfolio of 145+ units.
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