Grimes, IA Retail Property For Sale

Property Overview

Hope Plaza II is a new construction retail strip

center in Grimes, IA conveniently located off

heavily trafficked HWY 141 and just east of GrimesPlex, a new 50-acre synthetic turf multi-

sport complex located in Hope District. Hope

District, currently under construction, will boast

a 200-acre multi use entertainment district that

will include retail, restaurants, and hotels.

Property Highlights

• For Sale: $6,500,000

• For Lease: $27.00/SF/NNN (South Drive-Thru

$29.00/SF/NNN)

• Lot Size: 3.12 acres

• Bay sizes: ±1,600 SF

• 2023 OPEX: estimated - $7.00/SF

• Generous TI Allowance

• Monument Signage Available

• VPD: HWY 141 - 22,000 (2021)

• This Arby’s is on a 20 Year NNN Lease with 5% increases every

5 years.

• The tenant on the lease, DRM, Inc., is one of the largest Arby’s

franchisees and operates 98 Arby’s in 6 Midwest states. DRM

has been in business for 46 years, is a great credit tenant that

keeps up on their facilities and has never missed a payment.

• Located in an excellent retail location near Hy-Vee, Menards,

Aldi, McDonalds, Starbucks, etc.

• Excellent demographics within a 5-mile radius, with an average

household income of $132,000 and population exceeding 74,000.

• Nearby traffic counts on Interstate 35 average 179,060 vehicles

per day.

• This property is located in Grimes, Iowa, a suburb of Des Moines

and is located 11 miles northwest of downtown Des Moines.

• Arby’s is located approximately 10 miles from Saylorville Lake,

one of Central Iowa’s most popular outdoor destinations with

four campgrounds, The Saylorville Lake Marina, and much more.