Multi-Tenant Shopping
For Sale
Contact for pricing
600 8th St SW, Altoona, IA 50009
Second-generation retail property with multiple tenants, existing occupancy, and a triple-net lease structure.
Property Size12,080 SF
Days on Market140
Property Features for 600 8th St SW
General Information
Standard status
Active
Size
12,080 SF
Property subtype
Retail
Occupancy
68%
Building Details
Year Built
1997
Tenancy
Multi
Listing Agency:
KW Commercial Greater Des Moines
(515) 639-0145
Listed By:
Jared Husmann · License #B63372000
Source:
Crexi
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 29 at 8:49PM
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 KW Commercial Greater Des Moines
Investment Insights
Based on property information with market context.
This second-generation shopping center contains 12,080 square feet and was built in 1997. The property is occupied by multiple tenants, with current occupancy reported at 68.3% and additional space remaining for lease. Its triple-net structure supports a framework in which tenants carry specified property expenses under their leases.
The asset is located in Altoona, Iowa, within the Des Moines suburban market. A 7.67% cap rate is identified in connection with leasing the remaining space, providing a specific operating benchmark tied to future occupancy. The property is offered for sale as an existing retail center with an established tenant base.
The asset is located in Altoona, Iowa, within the Des Moines suburban market. A 7.67% cap rate is identified in connection with leasing the remaining space, providing a specific operating benchmark tied to future occupancy. The property is offered for sale as an existing retail center with an established tenant base.
Key Highlights
- 12,080‑square‑foot shopping center built in 1997
- 68.3% current occupancy
- Multiple existing tenants
Property Analytics
Property Profile
Current Use
Lease Details
68.3%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
100k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Dining 25%
Shops & Services 20%
Beauty & Spa 3%
Hy-Vee
Groceries
52,424 visits/mo
0.4 miles
Altoona #1
Shops & Services
7,349 visits/mo
0.3 miles
Scooter's Coffee
Dining
7,031 visits/mo
0.4 miles
Jimmy John's
Dining
6,636 visits/mo
0.3 miles
Dollar General
Shops & Services
6,254 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Eighth Street Plaza — 108 8th St SW, Altoona, IA 50009
- Quick-Tag — Pet Supplies Plus, 120 8th St SE, Altoona, IA 50009
- i.d. SPOT — Pet Supplies Plus, 120 8th St SE, Altoona, IA 50009
Frequently Asked Questions
What type of property is this?
Shopping center - Second-generation retail property with multiple tenants, existing occupancy, and a triple-net lease structure.
Where is this shopping center located?
The property is located at 600 8th St SW Altoona, IA.
What are key features of this property?
This property features: 12,080‑square‑foot shopping center built in 1997; 68.3% current occupancy; Multiple existing tenants
