3420 Martin Luther King Jr Pkwy Des Moines, IA 50310-5608

This exceptional investment opportunity presents the Harding Hills Shopping Center, a 25,596 square foot retail shopping center located at 3420 Martin Luther King Jr Pkwy in Des Moines, Iowa. Currently boasting 100% occupancy, this multi-tenant property offers a strong and stable income stream, generating a Net Operating Income (NOI) of $330,315 and a compelling 11.01% capitalization rate. The asking price is $3,000,000. Built in 1986 and situated on a 2.98-acre lot, the center is zoned MX3. The property benefits from a shadow anchor tenancy with Hy-Vee, a highly reputable and creditworthy tenant. Other major tenants include CSL Plasma and Aaron's, contributing significantly to the consistent revenue generation. The property has undergone major capital improvements recently, further enhancing its value and appeal. This presents a built-in rent growth potential and significant upside for future returns. The strong tenant mix, high occupancy rate, and substantial NOI make this a prime investment opportunity, particularly attractive for 1031 exchange investors seeking a stable and profitable retail asset in a desirable Des Moines location. The property's location in Polk County, Iowa, zip code 50310, offers excellent visibility and accessibility.