Contacts
CBRE
Property Details
- Property Type Retail
- Property Size 17,824 SF
- Date Updated May 14, 2026
CBRE is pleased to present the opportunity to acquire newly converted Climate-Controlled Storage and Retail occupied facility in Newton, Iowa. This 17,824 SF standalone building was purchased in 2021 for a full rehab partitioning 6,000 SF retail space, from the remaining 17,824 SF built out as indoor climate-controlled storage units. The retail space is occupied on a Net lease by The WELL Thrift Store which is a growing consignment retailer with 5 locations in Central Iowa. The storage component consists of 62 expertly designed interior storage units ranging from 80 to 180 square feet completed in January 2023. There is a low supply of CC storage units in the market and the demand was evident by stabilization early into year one and maintained excellent historical occupancy. This real estate venture offers an investor a secure and successful multi-use revenue stream with significant rental income appreciation with limited expense with the Net lease and rebated property taxes.
Attractive Tax Abatement (Cash Rebates through 2032)
Centrally Located on 1st Avenue East
Excellent Visibility and Signage
Below Market Rates
Reach out to the broker for more info on lease terms and amenities
Getting around
-
72/100
Walk Score ®
-
58/100
Bike Score ®
Location
- City Newton, IA
- Zip Code 50208
- Market Des Moines
Points of Interest
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Kwik Star
0.23 miles
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Casey's General Store
0.43 miles
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Git N Go
0.46 miles
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Murphy USA
0.95 miles
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Git 'n Go
1.60 miles
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Valero
2.11 miles
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Love's
2.19 miles
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Newton 66
2.41 miles
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Amoco
6.78 miles
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Domino's
0.05 miles
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Los Amigos
0.26 miles
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Giovanni's Pizza Restaurants
0.31 miles
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Sombrero
0.35 miles
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China King
0.37 miles
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Taco John's
0.37 miles
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Subway
0.44 miles
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Biaggio's
0.46 miles
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Cratty Shack
0.55 miles
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La Cabaña Mexican Restaurant
0.56 miles
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Hy-Vee
0.23 miles
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Walmart Supercenter
1.06 miles
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Fareway
1.08 miles
CBRE