Vacant-User
Walmart Shadow Center | Value Add
830 S Oak St, Iowa Falls, IA 50126
Listing Price: $1,294,000
Investment Overview
Marcus & Millichap is pleased to present this two-tenant value-add Walmart Shadowed Center. Dollar Tree just executed a three-year extension at a very low rent of $5.71 per square foot. Both Landlord and Dollar Tree have the right to terminate the lease with 120 day notice. This provides the Landlord the opportunity to have time to find a new long term tenant at market rent.
The other tenant, a tobacco business, is under lease for several more years.
The property is shadowed by Walmart and is in the immediate vicinity of Hy-Vee grocery as well as Hansen Family Hospital which is an affiliate Mercy One, Shoe Sensation and Kwik Trip.
The site has a larger than normal lot at 2.33 acres providing additional potential upside. The building is believed to be in excellent condition and is priced below replacement cost at $94 per square foot. In addition there is a roof warranty in place until 2033.
Investment Highlights
- Walmart Shadowed Center - Value Add
- Dollar Tree Recently Extended For Three years
- Dollar Tree Rent is Only $5.71 PSF
- Landlord & Dollar Tree Both Have 120 Day Termination Providing Substantial Upside For Landlord
- Large Lot at Approximately 2.33 Acres Providing More Potential Upside
- Roof Warranty Currently In Place Until 2033
Broker of Record
Listing Price: $1,294,000
Investment Highlights
- Walmart Shadowed Center - Value Add
- Dollar Tree Recently Extended For Three years
- Dollar Tree Rent is Only $5.71 PSF
- Landlord & Dollar Tree Both Have 120 Day Termination Providing Substantial Upside For Landlord
- Large Lot at Approximately 2.33 Acres Providing More Potential Upside
- Roof Warranty Currently In Place Until 2033
Investment Overview
Marcus & Millichap is pleased to present this two-tenant value-add Walmart Shadowed Center. Dollar Tree just executed a three-year extension at a very low rent of $5.71 per square foot. Both Landlord and Dollar Tree have the right to terminate the lease with 120 day notice. This provides the Landlord the opportunity to have time to find a new long term tenant at market rent. The other tenant, a tobacco business, is under lease for several more years. The property is shadowed by Walmart and is in the immediate vicinity of Hy-Vee grocery as well as Hansen Family Hospital which is an affiliate Mercy One, Shoe Sensation and Kwik Trip. The site has a larger than normal lot at 2.33 acres providing additional potential upside. The building is believed to be in excellent condition and is priced below replacement cost at $94 per square foot. In addition there is a roof warranty in place until 2033.
Broker of Record

