Listing Agency: The Siedenburg Group Show Phone

Listed By: Ryan Siedenburg · License #IA S63895000

Source: Crexi

Added: Jan 20, 2023 Changed: Jul 6 Last Checked: Aug 1 at 12:22PM

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Investment Insights

Based on property information with market context.

This new construction retail space is located along Merle Hay Road, offering an outstanding location just off I-80/35. The property is situated between the Ignit Sports Complex, which is currently under construction and includes a 127-key hotel, and the proposed Bombers Entertainment Center. This location is ideal for businesses such as physical therapists, chiropractors, and nail salons.

Key Highlights

• Outstanding location along Merle Hay Road.
• New construction.
• Proximity to I‑80/35.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Kitchen & Bath Showroom Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.90 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

374

Businesses Nearby

Explore this area Business Placement

Demographics for 50131, IA

24,434

Population

9,975

Households

2.4

Avg Household Size

37

Median Age

58%

College-Educated

97%

High-School Grad

23.7 sq mi

ZIP Area

1,031

Density / Sq Mi

$103,316

Median Household Income

$61,532

Median Earnings

$1,284

Median Rent

$347,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - New construction retail space in a high-traffic location.

Where is this retail space located?

The property is located at 5260 Merle Hay Rd Johnston, IA.

What is the lease rate?

The lease rate is $26 SF/Yr.

What are key features of this property?

This property features: Outstanding location along Merle Hay Road.; New construction.; Proximity to I‑80/35.