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4416 Merle Hay Rd
Des Moines, IA 50310 Outer West Des Moines/Urbandale

$1,525,000 USD

Auto Repair For Sale  •  5,455 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 5,455 SF
  • Lot Size 0.37 AC
  • Building Class B
  • Year Built 1996
  • Tenancy Single
  • Zoning C-H
20 Transit Score
50 Walk Score

Highlights

Corporate Lease with Caliber Collision - Nation’s Largest Autobody Repair Company
Lease Backed by Corporate Guaranty - Guaranteed by Wans Newco 3, Inc. (Caliber Parent Entity)
Long-Term Triple Net Lease through 2031 - Two 5-Year Options with Fair Market Rent Upside
Built-In 2% Annual Rental Increases - Hedge Against Inflation with Steady NOI Growth
Located on Merle Hay Road "Dealership Row“ - Surrounded by Kia, Ford, Nissan & Other Major Auto Dealers
Strong Market Fundamentals - Population of 187,000+ within a Five Mile Radius

Public Transportation

AirportDriveWalkDistance
Des Moines International 20 min - 9.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Scott Gould 407-557-3824 Marcus & Millichap
Scott Gould 407-557-3824 Marcus & Millichap