Leased Auto
For Sale
Contact for pricing
3935 Merle Hay Rd, Des Moines, IA 50310
Des Moines property associated with a four-property Car-X/Fast Tire portfolio and newly executed leases.
Property SizeContact for details
Days on Market142
Property Features for 3935 Merle Hay Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Orlando
(407) 557-3824
Listed By:
Scott Gould · License #FL SL3288412
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 8:27PM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This auto shop property at 3935 Merle Hay Rd in Des Moines, Iowa, is part of a four-property Car-X/Fast Tire portfolio. Following Monro, Inc.’s acquisition of the previous business in December 2021, new leases were established at each location.
The portfolio is situated within the Des Moines MSA, which has a population exceeding 700,000 residents. Lease terms have over nine years remaining and provide for 10% increases every five years. Across the portfolio, three locations are occupied entirely by Car-X/Fast Tire, while the fourth also includes Papa John’s under a new 10-year lease beginning when its services commence.
The portfolio is situated within the Des Moines MSA, which has a population exceeding 700,000 residents. Lease terms have over nine years remaining and provide for 10% increases every five years. Across the portfolio, three locations are occupied entirely by Car-X/Fast Tire, while the fourth also includes Papa John’s under a new 10-year lease beginning when its services commence.
Key Highlights
- Part of a four‑property Car‑X/Fast Tire portfolio
- New leases established at each location after Monro, Inc. acquired the previous business in December 2021
- Over nine years of remaining lease term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50310, IA
30,754
Population
14,162
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,844
Density / Sq Mi
$74,473
Median Household Income
$46,091
Median Earnings
$1,043
Median Rent
$213,800
Median Home Value
Market
Vacancy Rate% for Retail in Des Moines, IA
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Similar Off Market Nearby
- Speedy Bee Auto Repair — 3206 68th St, Urbandale, IA 50322
- Lorenzo's 1 stop auto shop — 6306 Boston Ave, Urbandale, IA 50322
- Tires Plus — 3130 Merle Hay Rd, Des Moines, IA 50310
- Quality Auto Glass — 3402 48th St, Des Moines, IA 50310
- Lane's Automotive Service and Repair — 6400 Douglas Ave, Urbandale, IA 50322
Frequently Asked Questions
What type of property is this?
Auto shop - Des Moines property associated with a four-property Car-X/Fast Tire portfolio and newly executed leases.
Where is this auto shop located?
The property is located at 3935 Merle Hay Rd Des Moines, IA.
What are key features of this property?
This property features: Part of a four‑property Car‑X/Fast Tire portfolio; New leases established at each location after Monro, Inc. acquired the previous business in December 2021; Over nine years of remaining lease term
