1514 Washington St

1514 Washington St, Pella, IA 50219

RETAIL For Sale

Year Built: 2007

Floors: 1

Available Spaces

Space	Size	Type	Pricing
Pella Marketplace Investment Property for Sale		SALE	$4,500,000.00

Contact

Jesse Caston - CDM Real Estate Services

PHONE: 3197593244

Description

PROPERTY FEATURES ♦ Investment Property For Sale ♦ Walmart Shadowed Retail Center ♦ Sale Price: $4,500,000 ♦ 8% Cap Rate with Landlord Guaranteed Lease ♦ Only One Vacant Unit with Landlord Guaranteed Lease For 1 Year ♦ Strong Tenant Mix Includes: Sincera Health, Domino’s, LifeServe Blood Center, Maurices, Great Clips, Verizon Wireless, Triumph Martial Arts, Mueller Chiropractor, Special Nails & Spa, Whylie Eye Care, and Yamato Steak House of Japan ♦ 5 Minutes from Iowa’s Largest Lake, Lake Red Rock ♦ Pella is Home to Pella Corporation, Vermeer Corporation and Central College ♦ Ample Parking ♦ Great Visibility and Signage Available ♦ Daily Traffic Counts (2018) • 11,600 VPD - Washington Street ♦ Excellent Location on Washington Street Adjacent to Walmart Supercenter ♦ Income $455,000 - Guaranteed Lease $47,000 - 2024 Expenses -$150,000 - NET INCOME $352,000