Hy-Vee

4815 Maple Drive - Pleasant Hill (Des Moines) IA 50327

LTV (Loan to Value)	65.00%	Current NOI	$435,699.00
Interest Rate	4.250%	Capital Rate	7.000%
Fixed Term	10 Years	Land Area	+/- 7.00 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$4,045,775.50	Property Type	Retail
Payment	$21,917.51	Property Lease	Grocery
Bulding Size	0 SF	Remaining Terms	Approx. 6.5 Years

Location Description

NNN Lenders is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the single tenant grocery property located at 4815 Maple Drive in Pleasant Hill, Iowa (the “Property”). The Property is fully leased and operated as a grocery store by Hy-Vee, Inc., a leading Midwest grocery, with over 235 locations and more than $8.00B in Annual Revenues (YE 9/29/2013). The store also features an in-store Pharmacy and Wine & Spirits Section that Hy-Vee added at its own cost in 2010. Further, the Property is adjacent to a Hy-Vee owned gas station which was substantially remodeled in 2011, again at Hy-Vee’s own cost, signaling its long-term commitment to the site.

Highlights

Class A, Grocery Asset w/Strong Residual Value & Fundamentals – 100% leased to Hy-Vee, Inc., a leading Midwest grocer, and…

Property Description

The City of Pleasant Hill is located in Polk County, Iowa. The population was 8,785 at the 2010 census. It is part of the Des Moines–West Des Moines Metropolitan Statistical Area and is located approximately 5 miles east of downtown Des Moines. The city has a total area of 9.29 square miles. The City of Des Moines is the capital and the most populous city in the U.S. state of Iowa. It is also the county seat of Polk County and a small portion of the city extends into Warren County. Des Moines was incorporated on September 22, 1851, as Fort Des Moines which was shortened to “Des Moines” in 1857, and is named after the Des Moines River. The city’s population was 203,433 as of the 2010 census, while the five-county metropolitan area is ranked 88th in terms of population in the United States with 594,600 residents according to the 2014 estimate by the United States Census Bureau.