6136 14th St Des Moines, IA 50320-1705

Property Details for 6136 14th St

Year built

1986

Construction

FRAME

Lot size

0.63 lot acres

Property size

3,384 SF

Zone code

C-2

Property type

Retail properties

APN

120/04472-277-000

APU

12004472277000

Description

This exceptional Des Moines investment opportunity features a Jiffy Lube property with a 14.6-year remaining lease term (expiring 09/30/2039), commencing 10/01/2019. The 3,744 square foot building sits on a 0.63-acre lot and benefits from a strong, built-in customer base within a densely populated area. The property enjoys a prominent location on SE 14th St, a high-traffic thoroughfare with 26,300 vehicles passing daily. Its strategic placement as an outparcel to Menards and proximity to major retailers like Walmart, Home Depot, Target, and Hy-Vee ensures consistent visibility and customer flow. The Absolute NNN lease includes two 5-year renewal options with 2% annual rent increases. The asking price is $1,173,190, representing a land value of $313.35 per square foot. Built in 1986, this single-story building offers a fee simple ownership opportunity with a single tenant occupancy. The property's location is further enhanced by its proximity to downtown Des Moines (4 miles) and Des Moines International Airport (3 miles), serving over 3 million passengers annually. The 5-mile population exceeds 101,000, indicating a robust and stable market. This turnkey investment presents a compelling opportunity for long-term growth and passive income.