Single-Tenant NNN
For Sale
$1,200,000
1250 8th Street, West Des Moines, IA 50265
Single-tenant Mexican restaurant under a triple net lease near Interstate access and West Des Moines amenities.
Property Size4,063 SF
Days on Market140
Property Features for 1250 8th Street
General Information
Standard status
Active
Size
4,063 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
4,063 SF
Year Built
1974
Tenancy
Single
Listing Agency:
Ferguson Commercial Real Estate Services
Listed By:
Roy Jensen · License #IA #S72747000
(515) 803-2895
Source:
Fergusoncres
Added: Jun 17
Changed: Nov 1
Last Checked: Nov 3 at 3:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ferguson Commercial Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
1250 8th Street is a single-tenant NNN investment property operated as a Mexican restaurant. The building is held under a triple net lease structure, placing the operating expense responsibilities on the tenant. The current occupant is El Fogon, providing an established restaurant use for an investor looking for a property designed around a long-term, tenant-led operation.
The property is located at 1250 8th Street in West Des Moines, Iowa. It benefits from convenient regional access, with proximity to Interstate 235 and the surrounding Des Moines metro area. The address also places the asset near Valley Junction, supporting visibility to everyday retail and dining traffic drawn to the local commercial district.
For buyers considering NNN restaurant real estate, this asset offers the simplicity of a single-tenant setup tied to an operating restaurant business. The triple net framework is intended to minimize landlord responsibility while still providing income exposure through the lease. This combination of a dedicated restaurant use and NNN structure may appeal to investors seeking an ownership position where the property is primarily supported by the tenant’s operations, rather than by ongoing landlord management.
The property is located at 1250 8th Street in West Des Moines, Iowa. It benefits from convenient regional access, with proximity to Interstate 235 and the surrounding Des Moines metro area. The address also places the asset near Valley Junction, supporting visibility to everyday retail and dining traffic drawn to the local commercial district.
For buyers considering NNN restaurant real estate, this asset offers the simplicity of a single-tenant setup tied to an operating restaurant business. The triple net framework is intended to minimize landlord responsibility while still providing income exposure through the lease. This combination of a dedicated restaurant use and NNN structure may appeal to investors seeking an ownership position where the property is primarily supported by the tenant’s operations, rather than by ongoing landlord management.
Key Highlights
- Single‑tenant NNN investment featuring a Mexican restaurant occupied by El Fogon
- Triple net lease structure with the restaurant as the operating tenant
- Year built: 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,834
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,680
$1.0M
Cap Rate 7%
$740,486
$740.5K
Cap Rate 9%
$575,933
$575.9K
Market Conditions
NOI Build-Up for 4,063 SF
Gross rent
$73.1K $18.00/SF
− Vacancy
−$4.0K −$0.99/SF
EGI
$69.1K $17.01/SF
− OpEx
−$17.3K −$4.25/SF
NOI
$51.8K $12.76/SF
Area
Polk County, IA
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,680
Cap Rate 7%
$740,486
Cap Rate 9%
$575,933
Alternative Uses
Best Use
Specialty Retail
$740.5K
$647.9K – $863.9K
NOI $51,834 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$3.91M
$3.42M – $4.56M
NOI $273,781 @ 7.0% cap · market cap 22.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Explore this area
Business Placement
Demographics for 50265, IA
32,187
Population
15,104
Households
2.1
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
1,668
Density / Sq Mi
$84,588
Median Household Income
$49,785
Median Earnings
$1,065
Median Rent
$267,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant Mexican restaurant under a triple net lease near Interstate access and West Des Moines amenities.
Where is this nnn property located?
The property is located at 1250 8th Street West Des Moines, IA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Single‑tenant NNN investment featuring a Mexican restaurant occupied by El Fogon; Triple net lease structure with the restaurant as the operating tenant; Year built: 1974
