5501 Douglas Avenue Archives | Sands Investment Group

Sands Investment Group is Pleased to Present Exclusively For Sale the 9,000 SF NN Automotive Asset Located at 5501 Douglas Avenue in Des Moines, Iowa. This Deal Includes a High Quality Tenant That Has Been at This Location Since 2009, Providing For a Secure Income.

Double Net (NN) Lease Allows For a Passive Investment With Minimal Landlord Responsibilities
Corporate Guarantee From Genuine Parts Company, Which is the Largest Global Auto Parts Network
Tenant Has a Long-Term History at This Location Operating Since 2009
Below Market Rents
2% Annual Rent Increases
This is a Rare Location For Genuine Parts Company in That They Operate Both Their Auto Parts Supply and Genuine Paints Business at This Location
Essential Business – Open and Paying Full Rent Throughout the Pandemic
NAPA Auto Parts Historically Performs Very Well in Recessionary Environments Due to Increase in Age of Vehicles and DIY Repairs
Excellent Access and Visibility Along Route 6 Which Sees Over 36,900 Vehicles Per Day
Near Interstate 95 Which Sees Over 101,200 VPD
91,886 Residents Live Within a 3-Mile Radius Making an Average Household Income of $82,578