9150 SE University Ave - Convenience Store FOR SALE


West Des Moines, IA 50266
$6,293,000 USD
402-690-0400
9150 SE University Ave, West Des Moines, IA for Sale
$6,293,000 USD
Convenience Store - FOR SALE
1/14
null | 5.25% Cap Rate

9150 SE University Ave
West Des Moines, IA 50266


HIGHLIGHTS

  • Hy-Vee Inc. Corporate Lease Guaranty – $1 Billion in Revenue (2024) – 17+ Years of Lease Term – Absolute NNN Lease – Zero Landlord Responsibilities
  • Hy-Vee Fast & Fresh Offers a Market Grille Express, Pre-Prepared Meals, Fresh Bakery Items, Grocery Staples, and an In-Store Smokey Row Coffee Shop
  • Qualifies for Accelerated or Bonus Depreciation – Strong Fit for Gas Station / C-Store Properties (consult your tax professional)
  • Real Estate Advantage – Located on Signalized Hard Corner – Under 3 Miles from I-80 & I-35 Intersection – Minutes from Hy-Vee Corporate HQ
  • West Des Moines – One of the Fastest Growing Cities in the Midwest – Annual Growth Rate of 1.5% in 2026 – 50% Growth Rate Since the Year 2000

OVERVIEW

This newly constructed Hy-Vee Fast & Fresh located at 9150 SE University Avenue in West Des Moines, Iowa. The property consists of a 6,674 square foot build-to-suit convenience retail building situated on approximately 2.86 acres at the signalized hard corner of University Avenue and 92nd Street. Built in 2023, the site features a Smokey Row Coffee drive-thru and 14 fuel pumps, offering a modern, high-traffic layout with multiple points of ingress and egress. Positioned less than three miles from the intersection of I-80 and I-35, the property benefits from strong regional connectivity and affluent surrounding demographics. Over 72,000 residents live within a three-mile radius, with average household incomes exceeding $151,000, supporting sustained consumer demand. West Des Moines is one of the fastest growing and most affluent communities in the Des Moines MSA, anchored by a diversified employment base and continued residential and commercial development, making this offering an attractive long-term net lease investment opportunity.

FOR SALE DETAILS

PRICE

$6,293,000 USD

PRICE/SF

$964 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hy-Vee Fast & Fresh with Smokey Row Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.88 AC

LAND SF

212,676 SF

ZONING

C

APN/PARCEL ID

16-03-248-002

ASK ABOUT THIS PROPERTY

Daniel GoaleyLee & Associates | OmahaMore Info
402-690-0400

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Daniel GoaleyLee & Associates | OmahaMore Info
402-690-0400

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