Multi-Tenant Retail Center with
3109 South Center Street Marshalltown, IA 50158
3109 South Center Street, Marshalltown, IA, 50158
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For Sale
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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$533.64
Days on Market90
Property Features for 3109 South Center Street
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Lot size
- 1.09 Acres
- Property subtype
- Retail
Listing agency
JLL - Minneapolis, Minnesota
Listed by
Matt Hazelton · License #MN 40449423
Source
Crexi
Added: Apr 23 Updated: Jul 21 at 12:25AM Checked: Jul 21 at 5:49AM
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 JLL - Minneapolis, Minnesota
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
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
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 $3,522,000.
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.
