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New Retail Development on Penn
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1255 Hayes Ln, North Liberty, IA 52317

New retail space in high-traffic North Liberty location.

Space Size2,152 SF
Property Size8,625 SF
Days on Market901

Property Features for 1255 Hayes Ln

General Information

Standard status Active
Size 2,152 SF
Property subtype Retail
Lease Type NNN

Building Details

Building Size 8,625 SF
Year Built 2024
Tenancy Multiple

Spaces For Lease

at 1255 Hayes Ln Contact us

Suite A - End Cap

Size
2,152 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: WSG CRE
Listed By: Tiffany Earl Williams · License #IA s41864000
Source: Crexi
Added: Mar 4, 2024 Changed: Aug 22 Last Checked: Aug 22 at 4:55AM

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 WSG CRE

Investment Insights

Based on property information with market context.

This new retail development is located along heavily traveled Penn Street in North Liberty. The space will be delivered in vanilla box condition; contact the agent for details. The development includes a 32,000 square foot Pizza Ranch & Entertainment Center with an attached bowling center. Adjacent to the property is The Palestra, a 33,600 square foot recreation building with indoor basketball and volleyball courts. The property is surrounded by dense residential developments, including Solomon’s Landing with 119 single-family homes and 396 multi-family units. North of the property is a proposed approximately 40-acre soccer complex. The location is minutes from Interstate 380.

Key Highlights

  • New retail development in high‑traffic location on Penn Street.
  • Adjacent to The Palestra recreation building with basketball and volleyball courts.
  • Located near a 32,000 SF Pizza Ranch & Entertainment Center with bowling.

Property Analytics

Current Use

Retail space

Lease Details

NNN (Triple Net)
Lease Type
$5.84 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 52317, IA

22,096
Population
9,125
Households
2.4
Avg Household Size
32
Median Age
54%
College-Educated
99%
High-School Grad
34.4 sq mi
ZIP Area
642
Density / Sq Mi
$108,156
Median Household Income
$57,950
Median Earnings
$1,221
Median Rent
$314,700
Median Home Value

Market

Lease Benchmarks for North Liberty, IA

$18.4 /SF/Yr
Avg Asking Price
$13–$20 /SF/Yr
Price Range
15,785 SF
Avg Space Size

This space is priced 112% above the average of $18.4 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - New retail space in high-traffic North Liberty location.
Where is this retail space located?
The property is located at 1255 Hayes Ln North Liberty, IA.
What is the lease rate?
The lease rate is $38.95 SF/Yr.
What are key features of this property?
This property features: New retail development in high‑traffic location on Penn Street.; Adjacent to The Palestra recreation building with basketball and volleyball courts.; Located near a 32,000 SF Pizza Ranch & Entertainment Center with bowling.
(319) 343-5542 Call to check price and availability
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