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4416 Merle Hay Rd
Urbandale, IA 50322 Outer West Des Moines/Urbandale

$1,525,000 USD

General Retail For Sale  •  5,888 SF

Property Details

  • Property Type General Retail
  • Total Building Size 5,888 SF
  • Year Built 1964
  • Tenancy Single
  • Zoning Commercial
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
Scott Gould 407-557-3824 Marcus & Millichap
Scott Gould 407-557-3824 Marcus & Millichap