5501 Douglas Ave - Freestanding FOR SALE
Des Moines, IA 50310 |
5501 Douglas Ave
Des Moines, IA 50310
HIGHLIGHTS
- Double Net (NN) Lease Allows For a Passive Investment With Minimal Landlord Responsibilities
- Corporate Guarantee From Genuine Parts Company, Which is the Largest Global Auto Parts Network
- Tenant Has a Long-Term History at This Location Operating Since 2009
- Below Market Rents
- 2% Annual Rent Increases
- This is a Rare Location For Genuine Parts Company in That They Operate Both Their Auto Parts Supply and Genuine Paints Business at This Location
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
NAPA Auto Parts | Des Moines, IA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Service Station, Storefront, Service
TOTAL BUILDING SIZE
9010
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
48
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
100-01005003000
