This newly constructed Hy-Vee Fast & Fresh located at 9150 SE University Avenue in West Des Moines, Iowa. The property consists of a 6,674 square foot build-to-suit convenience retail building situated on approximately 2.86 acres at the signalized hard corner of University Avenue and 92nd Street. Built in 2023, the site features a Smokey Row Coffee drive-thru and 14 fuel pumps, offering a modern, high-traffic layout with multiple points of ingress and egress.

The property is secured by a 20-year absolute triple-net lease with Hy-Vee, Inc., an Iowa corporation, providing a corporate guaranty and zero landlord responsibilities. The lease commenced August 22, 2023 and expires August 21, 2043, with more than 17 years of firm term remaining and seven five-year renewal options. The lease structure includes 5% rental increases every five years throughout the base term and option periods, enhancing long-term income growth. Hy-Vee is a dominant Midwest grocery operator with more than 190 Fast & Fresh locations and is headquartered in West Des Moines, further reinforcing the strategic importance of this location.

Positioned less than three miles from the intersection of I-80 and I-35, the property benefits from strong regional connectivity and affluent surrounding demographics. Over 72,000 residents live within a three-mile radius, with average household incomes exceeding $151,000, supporting sustained consumer demand. West Des Moines is one of the fastest growing and most affluent communities in the Des Moines MSA, anchored by a diversified employment base and continued residential and commercial development, making this offering an attractive long-term net lease investment opportunity.