Two-Tenant Retail
For Sale
Contact for pricing
1804 Washington St, Pella, IA 50219
Newly constructed two-tenant plaza anchored by Starbucks and Jersey Mike’s within a retail corridor setting.
Property Size4,126 SF
Lot Size1.76 Acres
Price / SF$843.77
Days on Market175
Property Features for 1804 Washington St
General Information
Standard status
Active
Size
4,126 SF
Lot size
1.76 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$234,995
Building Details
Year Built
2025
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Horvath & Tremblay
Listed By:
Bob Horvath · License #CT 756500
Source:
Crexi
Added: Mar 16
Changed: Aug 26
Last Checked: Sep 3 at 3:22AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
Horvath & Tremblay presents an exclusive opportunity to acquire the fee simple interest in a two-tenant retail plaza located at 1804-1808 Washington Street in Pella, Iowa. The newly constructed property is improved with Starbucks and Jersey Mike’s and totals 4,126 square feet on a 1.76-acre parcel.
The plaza is positioned at the intersection of Washington Street and 218th Place within Pella’s primary retail corridor, offering frontage, visibility, and access along a main commercial route. The property is adjacent to a Walmart Supercenter plaza.
Starbucks is under a 10-year lease with four 5-year renewal options, and Jersey Mike’s is under a 10-year lease with three 5-year renewal options. Both leases include rent increases every five years throughout the primary term and renewal option periods.
The plaza is positioned at the intersection of Washington Street and 218th Place within Pella’s primary retail corridor, offering frontage, visibility, and access along a main commercial route. The property is adjacent to a Walmart Supercenter plaza.
Starbucks is under a 10-year lease with four 5-year renewal options, and Jersey Mike’s is under a 10-year lease with three 5-year renewal options. Both leases include rent increases every five years throughout the primary term and renewal option periods.
Key Highlights
- Newly constructed 2‑tenant retail plaza (Year Built 2025) at 1804‑1808 Washington Street in Pella, IA
- 4,126 SF on a 1.76‑acre parcel, anchored by Starbucks and Jersey Mike's
- Starbucks lease: 10‑year term with four (4) 5‑year renewal options
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
102k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Superstores 40%
Groceries 10%
Apparel 3%
Walmart
Superstores
41,113 visits/mo
0.2 miles
Culver's
Dining
16,547 visits/mo
0.3 miles
Fareway
Groceries
10,126 visits/mo
0.3 miles
Applebee's
Dining
8,152 visits/mo
0.2 miles
Scooter's Coffee
Dining
6,185 visits/mo
0.2 miles
Demographics for 50219, IA
14,390
Population
5,621
Households
2.6
Avg Household Size
38
Median Age
46%
College-Educated
96%
High-School Grad
115.4 sq mi
ZIP Area
125
Density / Sq Mi
$83,601
Median Household Income
$43,720
Median Earnings
$995
Median Rent
$272,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Newly constructed two-tenant plaza anchored by Starbucks and Jersey Mike’s within a retail corridor setting.
Where is this shopping center located?
The property is located at 1804 Washington St Pella, IA.
What is the asking price?
The asking price for this property is $3,481,407.
What are key features of this property?
This property features: Newly constructed 2‑tenant retail plaza (Year Built 2025) at 1804‑1808 Washington Street in Pella, IA; 4,126 SF on a 1.76‑acre parcel, anchored by Starbucks and Jersey Mike's; Starbucks lease: 10‑year term with four (4) 5‑year renewal options
