Multi-Tenant Drive-Thru Strip
For Sale
Contact for pricing
3053 8th Street Southwest, Altoona, IA 50009
C-2 retail center with established national and service-oriented tenants, including drive-through end-cap space.
Property Size9,728 SF
Price / SF$479.54
Days on Market119
Property Features for 3053 8th Street Southwest
General Information
Standard status
Active
Size
9,728 SF
Total Parking Spaces
39
Property subtype
Retail
Zoning
C-2
Lease Type
NNN
Net Operating Income
$296,194
Building Details
Year Built
2017
Buildings
1
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
Pegasus Investments
(310) 691-1350
Listed By:
Tony Veiller · License #CA 01995952
Source:
Crexi
Added: May 4
Changed: Aug 29
Last Checked: Aug 29 at 8:10PM
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 Pegasus Investments
Investment Insights
Based on property information with market context.
This 9,728-square-foot strip mall was built in 2017 and accommodates multiple retail and service tenants. The tenant lineup includes Chipotle, Dunkin’ Donuts, Supercuts, Planet Smoothie, and RC Dermatology. Dunkin’ Donuts occupies a drive-through end cap, while Chipotle has a new 10-year lease. The property is zoned C-2.
The center occupies a signalized intersection along 8th Street Southwest, a primary east-west corridor in Altoona, with direct access to US Route 65. Nearby retail anchors include Walmart, Target, Menards, Lowe’s, Aldi, and Panda Express, and the property is adjacent to Raising Cane’s. Prairie Meadows Casino & Racetrack and Adventureland Park are regional attractions that collectively draw nearly 3 million annual visitors. Outlets of Des Moines, featuring approximately 300,000 square feet of retail space and more than 50 national and designer retailers, is also minutes away.
Altoona’s population has increased 17.50% since 2020. The area also includes Meta’s data center campus, which spans over 5 million square feet, and a 453-acre fully entitled data center site capable of supporting over 1 gigawatt of capacity.
The center occupies a signalized intersection along 8th Street Southwest, a primary east-west corridor in Altoona, with direct access to US Route 65. Nearby retail anchors include Walmart, Target, Menards, Lowe’s, Aldi, and Panda Express, and the property is adjacent to Raising Cane’s. Prairie Meadows Casino & Racetrack and Adventureland Park are regional attractions that collectively draw nearly 3 million annual visitors. Outlets of Des Moines, featuring approximately 300,000 square feet of retail space and more than 50 national and designer retailers, is also minutes away.
Altoona’s population has increased 17.50% since 2020. The area also includes Meta’s data center campus, which spans over 5 million square feet, and a 453-acre fully entitled data center site capable of supporting over 1 gigawatt of capacity.
Key Highlights
- 9,728‑square‑foot strip mall built in 2017
- Tenant roster includes Chipotle, Dunkin’ Donuts, Supercuts, Planet Smoothie, and RC Dermatology
- Dunkin’ Donuts drive‑through end cap and Chipotle 10‑year lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
93k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Groceries 25%
Shops & Services 7%
Electronics 2%
Raising Cane's Chicken Fingers
Dining
36,178 visits/mo
0.3 miles
Aldi
Groceries
23,498 visits/mo
0.5 miles
Starbucks
Dining
11,932 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,240 visits/mo
0.3 miles
AutoZone
Shops & Services
4,239 visits/mo
0.5 miles
Demographics for 50009, IA
21,230
Population
8,829
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
96%
High-School Grad
27.9 sq mi
ZIP Area
761
Density / Sq Mi
$90,393
Median Household Income
$52,227
Median Earnings
$1,201
Median Rent
$261,800
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?
Strip mall - C-2 retail center with established national and service-oriented tenants, including drive-through end-cap space.
Where is this strip mall located?
The property is located at 3053 8th Street Southwest Altoona, IA.
What is the asking price?
The asking price for this property is $4,665,000.
What are key features of this property?
This property features: 9,728‑square‑foot strip mall built in 2017; Tenant roster includes Chipotle, Dunkin’ Donuts, Supercuts, Planet Smoothie, and RC Dermatology; Dunkin’ Donuts drive‑through end cap and Chipotle 10‑year lease
