Victoria Cleaners

Highlights

• - 1,890 SF building
• - 5 years remaning in lease with 5 year renewal option
• - $20/sf NNN
• - Built in 1951
• - Zoned MX2
• - Located in Ingersoll & Grand Corridor
• - 100% occupancy

Description

This exceptional property presents a compelling investment opportunity for Retail / Free Standing Building investors. Boasting a 1,890 SF building with one unit, constructed in 1951, the property is ideally zoned MX2 and enjoys full occupancy, offering a solid foundation for long-term success. Victoria Cleaners, a longstanding tenant, has occupied the building for approximately 5 years of their 10-year lease, paying $20/ft NNN. With an additional 5-year renewal option and a strong interest in renewing, their commitment offers stability and potential for continued income, making this property an attractive choice for investors seeking reliable returns.

Located in the highly sought-after Ingersoll & Grand corridors, this property is situated in one of the most coveted neighborhoods in the metro area. The area's vibrant atmosphere, strong community presence, and strategic location make it a prime destination for retail entrepreneurs looking to capitalize on the thriving Des Moines market. With a history of consistent tenancy and a strategic location, this property provides a strong foundation for investors to grow their portfolio and capitalize on the area's potential. Don't miss this opportunity to be part of this dynamic and sought-after commercial real estate market.

Discover the vibrant Des Moines market surrounding this prime location. Situated in the heart of the bustling Ingersoll & Grand Avenue corridor, the area offers a dynamic mix of shopping, dining, and entertainment options, making it an attractive opportunity for Retail / Free Standing Building investors. Nearby points of interest include the eclectic boutiques and trendy eateries along Ingersoll Avenue, the iconic Pappajohn Sculpture Park, and the lively atmosphere of the Western Gateway Park. With a strong focus on community and a growing reputation as a retail destination, the area presents a compelling investment prospect for retail entrepreneurs looking to capitalize on Des Moines' thriving market.

Des Moines is a very stable real estate market compared to many other areas. With extremely low unemployment, growing jobs and population Des Moines offers a lot of long-term potential for investors. Iowa is one of the best states for landlord protections and is a friendly state to do business. Des Moines has been increasing in population and jobs as well because of the low cost of living, but the high standard of living.

A vibrant gem in the heart of the prairie, Des Moines is named for the river that snakes through the city. This is Iowa's capital (and the county seat of Polk County), and it is filled with things to do. From concerts at the historic Salisbury House to the collections at Des Moines Art Center, and from the 81 miles of hiking and biking trails to the Greater Des Moines Botanical Gardens, Des Moines offers so much that it was named one of the top 10 cities in which to live by US News.

Home to such companies as John Deere, Pioneer, Corteva, Meredith Corporation, Wells Fargo, Voya Financial, and Principal Financial Group, Des Moines is considered one of the nation's wealthiest cities.

Greater Des Moines is vibrant, growing and experiencing tremendous momentum. Metrics such as gross domestic product growth, population growth and employment growth show DSM as one of the strongest metros in the Midwest. Greater Des Moines is home to many business successes and has received numerous accolades over the past several years. These recognitions include being named one of the top 10 best cities to live and work, one of the best cities for jobs, one of the top 10 places with the most job opportunities per capita and a top metro for economic development projects. Such accomplishments can be attributed to DSM’s talented workforce, impressive education ranking and strong business economy. 

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