1910 Kittyhawk Ave - Retail FOR SALE


Carroll, IA 51401
$1,185,000 USD
515-339-9616
1910 Kittyhawk Ave, Carroll, IA for Sale
$1,185,000 USD
Retail - FOR SALE
1/3
null | 8.19% Cap Rate

1910 Kittyhawk Ave
Carroll, IA 51401


HIGHLIGHTS

  • Located on a Walmart pad site with strong co-tenancy
  • Anchored by national tenants including Maurices and Great Clips
  • Built in 2012 with modern design and infrastructure
  • Positioned in Carroll’s primary retail corridor
  • Stable income with $97,095 NOI and consistent occupancy
  • Surrounded by major brands and hospitality options

OVERVIEW

Positioned on a high-visibility pad site adjacent to Walmart, 1910 Kittyhawk Avenue offers investors a rare opportunity to acquire a stabilized retail asset in Carroll, Iowa. Built in 2012, this 8,125-square-foot strip center sits on 1.1 acres and features a strong tenant mix including national brands Maurices and Great Clips, along with Carroll Tobacco Outlet. The property benefits from consistent foot traffic and excellent visibility, supported by ample parking and proximity to other major retailers and service providers. The surrounding area is anchored by Carroll’s established commercial corridor, with nearby businesses such as McDonald’s, Hy-Vee Pharmacy, Taco Bell, and Days Inn by Wyndham contributing to a vibrant retail ecosystem. The center’s adjacency to Walmart enhances its long-term leasing appeal and positions it as a reliable income-producing asset. With a current Net Operating Income of $97,095 and a listed price of $1,185,000, the property presents a compelling investment opportunity for buyers seeking durable cash flow and potential appreciation in a stable Midwestern market. Demographic data within a 5-mile radius shows a population of over 11,000 with average household incomes nearing $88,000, supporting continued retail demand. The median age of 42.7 reflects a mature consumer base with spending power. Investors will appreciate the low-maintenance nature of the asset and its alignment with long-term retail trends favoring convenience and visibility.

FOR SALE DETAILS

PRICE

$1,185,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

8.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Shadow Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C

APN/PARCEL ID

06-14-351-003

ASK ABOUT THIS PROPERTY

Ryan SiedenburgThe Siedenburg GroupMore Info
515-339-9616

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Ryan SiedenburgThe Siedenburg GroupMore Info
515-339-9616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.