4100 Merle Hay Rd - Retail FOR SALE
Des Moines, IA 50310 |
4100 Merle Hay Rd
Des Moines, IA 50310
HIGHLIGHTS
- Diverse tenant mix consists of Burlington, Hobby Lobby, Harbor Freight, Famous Footwear, and more
- Value-add opportunity with 26% vacancy, a developable outparcel, and low rents
- Close proximity to adjacent Merle Hay Mall, which is undergoing a $150M renovation into a mixed use sport, entertainment, and shopping district
- Property benefits from additional annual income which includes EV charging tenant, temporary fireworks stands, and billboard income
- Strong sales productivity with low rent-to-sales ratios (contact broker for additional details)
- Shadows a Target-anchored center which includes ULTA, CVS, Five Below, Ross, and Old Navy
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Haymarket Mall
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
229012
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
686
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
100/09472-008-004
