5440 86th St Johnston, IA 50131-1737
This exceptional retail opportunity presents a 67,051-square-foot single-tenant space, formerly occupied by a Price Chopper grocery store. Located at 5440 NW 86th St, Johnston, IA 50131, this property sits on an 8-acre lot in Polk County and enjoys a highly visible corner location at the intersection of 86th Street and NW 54th Avenue. The building, which underwent renovations in 2000, is zoned C-2, offering flexibility for a variety of retail uses. The entire space is currently vacant, providing a blank canvas for a new tenant to customize. Its strategic location offers unparalleled accessibility, being just blocks from the I-35/80 interchange, ensuring convenient access for customers throughout the Des Moines metropolitan area. This presents a rare chance to establish a significant retail presence in a thriving community with high foot traffic and excellent visibility. The property's substantial size and prime location make it an ideal investment for businesses seeking a strong foothold in the Johnston market. All 67,051 square feet are available for lease.
2. Community Commercial District. The intent of the C-2 District is to provide a broad range of commercial and retail uses and services which are intended to serve the community market area. 3. Regional Commercial District. The intent of the C-3 District is to accommodate medium and high intensity commercial uses with access and visibility to major streets a…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Johnston, IA2. Community Commercial District. The intent of the C-2 District is to provide a broad range of commercial and retail uses and services which are intended to serve the community market area. 3. Regional Commercial District. The intent of the C-3 District is to accommodate medium and high intensity commercial uses with access and visibility to major streets and which are intended to serve the regional market area. This district should be located away from residential areas. 4. Office Employment District. The intent of the E-1 District is to provide a suitable environment for employment centers, offices, workplaces, and associated complementary uses. This district is meant to accommodate traditional employment uses, as well as reflect the changing workplace environment. Specific design standards for this district encourage high quality exterior design techniques which yield visual attractiveness. 5. General Employment District. The intent of the E-2 District is to provide a suitable environment for a wide variety of employment uses including retail, service, office, and warehousing with a strong focus on the physical attributes of a site. Specific design standards for this district City of Johnston Zoning and Subdivision Update Last Updated: March 31, 2023
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
