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baths: 0 bathdetails:

3441 86th Street
Urbandale, IA 50322
Kyle Pedersen with Platinum Realty LLC, original listing - (888) 220-0988

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Property Details


List Price: $1,350,000
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: Platinum Realty LLC
Agency Phone: (888) 220-0988

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Description/Comments


Lot Size: 1 acre(s)
Property Type: Commercial Sale-Other
Year Built: 1990
Notes: NNN Lease Investment Property: Former 5,952 SF McDonald's fast food restaurant leased on triple net (NNN) terms. The lease commenced on September 1, 2024 and will expire on August 30, 2034. The tenant has (2) 5-year renewals with 10% rent bumps per renewal. Current rent due is $96,312.50 annually through Year 2. In Year 3, rent increases to $103,500 with strong escalators throughout the remaining term. The landlord replaced the roof and gutters in the fall of 2024 as part of lease negotiations. The tenant completed their own interior and exterior cosmetic work which included paint and concrete repairs. The property benefits from a recorded parking lot easement that adds an approximate (52) parking spaces into perpetuity. The restaurant is located along 86th Street in Urbandale at the controlled intersection of 86th Street and Colby Parkway. This is near the Douglas Avenue and 86th Street intersection. Neighborhood has strong traffic counts and is anchored by Hy-Vee. See Listing Agent for more information on rent escalators and parking lot easement.
MlsNumber: --
ListingId: 717335


Listing Provided By: Platinum Realty LLC, original listing
Phone: (515) 368-2454
Office Phone: (888) 220-0988
Agent Name: Kyle Pedersen
Disclaimer: Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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