Merle Hay Tower

Investment Overview

Merle Hay Mall is located conveniently at the border of Urbandale and Des Moines in a densely-populated residential area with approximately 89,000 people within a 3-mile radius and the greatest number of high income households in the market. This retail corridor is in a prime location along Merle Hay Road, which is Des Moines' third most traveled road. The sale includes a six story high rise and adjacent former theater, which could be used for a medical or event center. This redevelopment opportunity is best suited for active seniors housing or multifamily due to the Tower's direct access to amenities such as grocery, apparel, lifestyle, entertainment, and public transit; however, ownership is motivated to redevelop and would be open to other uses that coincide well with the mall. Most notable tenants ownership has brought to the mall within the past few years includes FLIX Brewhouse Luxury Theater, Ross Dress For Less, Gameday Sports Bar & Restaurant and more. Existing tenants include Kohl's, Target, Merle Hay Lanes, Ulta, Old Navy, Massage Heights and more!

Investment Highlights

• Direct, Indoor Access to Super-Regional Mall
• Located Ideally on High-Traffic Merle Hay Road
• Controlled, Full Movement Lighted Intersection
• Multiple Lot Entrances with Ample Surface and Covered Parking
• High Walkability Score
• Located Along 3 Des Moines Area Transit Authority Bus Stops
• HVAC System in Good Condition