Investment Overview
NAI Iowa Realty Commercial is pleased to present 8705 Chambery Blvd, a premier 9,650 SF multi-tenant retail center located in Johnston, Iowa. This property offers an exceptional owner-user acquisition opportunity with built-in cash flow. The owner-occupant space encompasses 5,331 SF and will be delivered vacant upon sale. An adjacent 1,400 SF vacant bay provides upside for third-party leasing or allows an owner-user to expand into a combined footprint of up to 6,731 SF. The center’s long-term anchor restaurant tenant, Roots 95, occupies 2,906 SF under a long-term NNN lease.
Investment Highlights
- 5,331 SF Turnkey Owner Suite: Delivered vacant at closing, providing a prime contiguous footprint for medical, professional, or corporate users. The suite can be demised into smaller bays, or combined with the adjacent 1,400 SF vacant bay for up to 6,731 SF of contiguous owner-occupied space.
- Long-Term Anchor Lease Expiration: Roots 95 is secured under a long-term NNN lease running through December 31, 2033 (2 renewal options).
- High-Growth Corridor: The location offers immediate access to 86th Street and the I-35/80 interchange.
- Ample Off-Street Parking: Surrounding surface parking field accommodates high-volume customer, client, and staff traffic.
- SBA 504 Loan Eligible: The 5,331 SF owner-user space accounts for 55.32% of total building square footage, exceeding the 51% threshold required for SBA financing with 10% down payment.