Perry Plaza

For Sale

403-511 1st Ave, Perry, IA 50220

This Perry property for sale is located at 403-511 1st Ave. The current listed sale price for Perry Plaza is $2,000,000.

Contacts

broker

Patrick Graham

SVN | CREATE Commercial Real Estate Advisors

Property Details

  • Property Type Retail
  • Property Size 41,455 SF
  • Units 7
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Nov 13, 2024
This retail center is conveniently located at the entrance of Perry, IA along Hwy 144 right off of Hwy 141. The center lies right in front of Perry's largest park, Patte Park, which features three softball and four baseball fields, sand volleyball court, the City Band Shell, a skateboard park, tennis courts, horseshoe pits, a playground, and the Perry Dog Park. This is an ideal location for retailers due to the traffic and visibility, which is why HyVee, Ace Hardware, Scooter's, Dollar Tree, Subway, and McDonald's have also selected this corridor. The center is anchored by Tractor Supply Plus is co-tenanted by Snap Fitness, Harper Rose's Floral & Gifts, Domino's Pizza, and Metro Buffet. The former outlot of this property is now a new Kwik Star location with a car wash.This retail center is conveniently located in the city of Perry off Hwy 144 & Hwy 141. This is a great location that has easy access and many retail shops including Tractor Supply store and Dominos Pizza . Former out lot of this property is now a new Kwik Star location with a car wash. One available 1900 sq. ft. space for rent in great central location of building.This retail center is conveniently located at the entrance of Perry, IA along Hwy 144 right off of Hwy 141. The center lies right in front of Perry's largest park, Patte Park, which features three softball and four baseball fields, sand volleyball court, the City Band Shell, a skateboard park, tennis courts, horseshoe pits, a playground, and the Perry Dog Park. This is an ideal location for retailers due to the traffic and visibility, which is why HyVee, Ace Hardware, Scooter's, Dollar Tree, Subway, and McDonald's have also selected this corridor. The center is anchored by Tractor Supply Plus is co-tenanted by Snap Fitness, Harper Rose's Floral & Gifts, Domino's Pizza, and Metro Buffet. The former outlot of this property is now a new Kwik Star location with a car wash.

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Highlights

  • - 41,455 SF retail building with 7 units
  • - Diverse tenant mix for enhanced investment stability
  • - Strong Net Operating Income (NOI) for solid returns
  • - Impressive 95% occupancy rate for consistent revenue
  • - Strategically located 25 miles northwest of Des Moines
  • - Anchored by a reputable and successful retailer
  • - Low cost per square foot for favorable investment potential
  • - Versatile space to accommodate various retail businesses

Attachments

Getting around

  • 60/100

    Walk Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Perry, IA
  • Zip Code 50220
  • Market Des Moines

Points of Interest

  • Phillips 66

    0.20 miles

  • Kum & Go

    0.54 miles

  • Casey's General Store

    0.60 miles

  • Sinclair

    8.60 miles

  • Domino's

    0.01 miles

  • Metro Buffet

    0.02 miles

  • McDonald's

    0.09 miles

  • Hy-Vee Deli

    0.29 miles

  • Burger King

    0.32 miles

  • Nineteen14 Depot

    6.73 miles

  • Whistlin' Donkey

    9.80 miles

  • Hy-Vee

    0.29 miles

  • Fareway

    0.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Patrick Graham

SVN | CREATE Commercial Real Estate Advisors