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Water Tower Place 3700-4120 University Ave
25,900 SF of Retail Space Available in West Des Moines, IA 50266
Highlights
- 25,900 SF available
- Rent: call Jeff
- Incredible visibility & presence on the University Ave corridor
- Negotiable TI Allowance
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 115 | 25,900 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
4100 University Ave - 1st Floor - Ste 115
Former Buy Buy Baby. This store ranked in the top 10% of store sales volumes for Buy Buy Baby. Great visibility and presence on the University Avenue corridor. Asking rent is "mid-teens" NNN depending on term and TIA requirements.
- Located in-line with other retail
- Space is in Excellent Condition
- 25,900 SF available
- Incredible visibility & presence
- Location was in the top 10% of store sales volumes
- Strongest center in the metro
- Negotiable TI available
- NNN: $5.95/SF
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Water Tower Place
- Best Buy
- Cost Plus / World Market
- Marshalls
- Whole Foods Market
PROPERTY FACTS FOR 3700-4120 University Ave , West Des Moines, IA 50266
| Centre Type | Power Center | Frontage | |
| Parking | 1,076 Spaces | Gross Leasable Area | 400,879 SF |
| Stores | 17 | Total Land Area | 38.78 AC |
| Centre Properties | 5 | Year Built | 1995 |
| Centre Type | Power Center |
| Parking | 1,076 Spaces |
| Stores | 17 |
| Centre Properties | 5 |
| Frontage | |
| Gross Leasable Area | 400,879 SF |
| Total Land Area | 38.78 AC |
| Year Built | 1995 |
About the Property
Water Tower is an approximately 400,000 square foot power center. It is the #1 regional power center in Iowa. Water Tower features nine of the most successful destination anchor tenants, including the only Whole Foods in Iowa, the #1 Best Buy in the city, World Market, the #1 Marshalls in Iowa, Five Below, Ross Dress For Less, Ulta, Guitar Center, and the #1 Office Depot store in Central Iowa.
- Dedicated Turn Lane
- Pylon Sign
- Signalised Intersection
Nearby Major Retailers
Presented by
Water Tower Place | 3700-4120 University Ave
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