4365 Merle Hay Rd Des Moines, IA 50310
Haymarket Square Shopping Center presents a unique investment opportunity in a thriving retail environment. This 269,705 square foot shopping center offers multiple tenancy options, with spaces ranging from a minimum of 2,000 square feet to a maximum contiguous space of 56,700 square feet. Recently renovated in 2024, the center boasts brand new facades, updated signage, and significantly improved common areas. The property benefits from an exceptionally high traffic count, exceeding 35,000 vehicles per day at the Merle Hay and Aurora intersection, and enjoys convenient access to Interstate 35/80, carrying over 100,000 vehicles daily. This strategic location is surrounded by a dense population, with nearly 90,000 residents within a 3-mile radius and 188,000 within 5 miles. The center's strong retail synergy is further enhanced by its proximity to major national retailers including Target, Ross, Ulta, Five Below, Kohl's, Hobby Lobby, Burlington, Chick-fil-A, and Starbucks. Adding to its appeal, new tenants, 7 Brew and Green State Credit Union, are slated to open soon, further solidifying the center's position as a premier retail destination. This is an exceptional opportunity to secure space in a high-performing, well-located shopping center with significant growth potential.
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Haymarket Square Shopping Center & Mall
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.