5970 Morning Star CtPleasant Hill, IA 50327

This exceptional investment opportunity presents a fee-simple interest in a newly constructed (2022), 5,617 square foot Kum & Go convenience store and gas station located at 5970 Morning Star Ct, Pleasant Hill, IA 50327. The property sits on a 2.43-acre lot with excellent visibility and access, situated just off US Route 65's University Avenue exit (Highway 163), a signalized intersection with 25,000 cars daily. The property features Kum & Go's signature Go Fresh Market with indoor seating, seven fuel dispenser islands, and air pumps. This single-tenant property boasts a rare 20-year absolute NNN lease with Kum & Go, L.C., a corporate-guaranteed lease offering zero landlord responsibilities. Rent increases are structured with a 7.5% bump every five years during the initial term, followed by four five-year options at 5% increases each. The property benefits from 10-foot monument signage along University Avenue/Highway 163 and two points of ingress/egress. The surrounding area is experiencing significant growth, with nearby developments including the Forge65 luxury community and the planned Crossing at Pleasant Hill commercial development. This investment offers a strong 5.15% cap rate and a substantial net operating income (NOI) of $356,400. The Des Moines MSA, boasting a population of 840,490, is the fastest-growing metro area by percentage in the Midwest, experiencing 20% population growth from 2010 to 2021. This presents a compelling opportunity to capitalize on a thriving market and a secure, long-term investment with a nationally recognized brand. The lease commenced December 1, 2022, and expires November 30, 2042.