Multi-Tenant Retail Center with
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3109 South Center Street, Marshalltown, IA 50158
6,600 SF multi-tenant center on 1.09 acres, fully occupied and anchored by Starbucks under a 10-year NNN lease.
Property Size6,600 SF
Lot Size1.09 Acres
Price / SF$525.15
Days on Market135
Property Features for 3109 South Center Street
General Information
Standard status
Active
Size
6,600 SF
Lot size
1.09 Acres
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$241,250
Site & Location
Traffic Count
14,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
2024
Tenancy
Multi
Listing Agency:
MC Partners
Listed By:
Matt Hazelton · License #MN 40449423
Source:
Crexi
Added: Apr 23
Changed: Aug 24
Last Checked: Sep 4 at 6:20AM
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 MC Partners
Investment Insights
Based on property information with market context.
Marshalltown Center is a 6,600 SF, multi-tenant retail center situated on 1.09 acres and currently 100% occupied. The property is anchored by Starbucks, which occupies 36% of the GLA. The Starbucks lease is new with a 10-year term structured as an absolute NNN arrangement, plus four 5-year renewal options that could extend tenancy through 2056. The lease also includes rent escalations every five years, and the property is reported with a weighted average time remaining to lease expiration (WALT) of 7.9 years.
The center is positioned on S Center Street, described as the primary north-south commercial artery for the community, with 14,500 vehicles per day. Marshalltown Center sits at a signalized intersection about a quarter-mile from US Highway 30 within the dominant retail corridor that includes retailers such as Walmart, Menards, McDonald’s, Kwik Trip, Culvers, and Aldi.
JLL also notes Starbucks as the only drive-through coffee shop in the immediate trade area with minimal competition across the broader market. Walmart is cited as generating 2.4 million visits annually, supporting traffic flow for the center.
The center is positioned on S Center Street, described as the primary north-south commercial artery for the community, with 14,500 vehicles per day. Marshalltown Center sits at a signalized intersection about a quarter-mile from US Highway 30 within the dominant retail corridor that includes retailers such as Walmart, Menards, McDonald’s, Kwik Trip, Culvers, and Aldi.
JLL also notes Starbucks as the only drive-through coffee shop in the immediate trade area with minimal competition across the broader market. Walmart is cited as generating 2.4 million visits annually, supporting traffic flow for the center.
Key Highlights
- Fee‑simple 6,600 SF multi‑tenant retail center at 3109 S Center St, Marshalltown, IA 50158.
- Sits on 1.09 acres and is 100% occupied, with a weighted average tenant lease (WALT) of 7.9 years.
- Anchored by Starbucks (36% of GLA) under a new 10‑year absolute NNN lease with four 5‑year renewal options.
Property Analytics
Current Use
Lease Details
14,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50158, IA
31,466
Population
12,614
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
84%
High-School Grad
212.2 sq mi
ZIP Area
148
Density / Sq Mi
$71,212
Median Household Income
$40,437
Median Earnings
$865
Median Rent
$130,500
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 - 6,600 SF multi-tenant center on 1.09 acres, fully occupied and anchored by Starbucks under a 10-year NNN lease.
Where is this shopping center located?
The property is located at 3109 South Center Street Marshalltown, IA.
What is the asking price?
The asking price for this property is $3,466,000.
What are key features of this property?
This property features: Fee‑simple 6,600 SF multi‑tenant retail center at 3109 S Center St, Marshalltown, IA 50158.; Sits on 1.09 acres and is 100% occupied, with a weighted average tenant lease (WALT) of 7.9 years.; Anchored by Starbucks (36% of GLA) under a new 10‑year absolute NNN lease with four 5‑year renewal options.
