Hickman Road COMMERCIAL/RETAIL LOTS AVAILABLE FOR SALE AT THE INTERSECTION OF INTERSTATE 35/80 & HICKMAN ROAD (HWY 6) :: URBANDALE, IOWA, CCIM Ryan J. Jensen, CCIM Vice President 515.280.2067 ryan.jensen@cbre-hubbell.com Max Colby Sales Associate 515.221.6203 max.colby@cbre-hubbell.com CBRE Hubbell Commercial 6900 Westown Parkway West Des Moines, Iowa 50266 515.224.4900
AT THE INTERSECTION OF INTERSTATE 35/80 & HICKMAN ROAD (HWY 6) :: URBANDALE, IOWA EXECUTIVE SUMMARY Anchored by a brand new Lifetime Fitness, Heritage Park offers an opportunity to acquire the best retail/commercial lots in the Des Moines Metro Area. 17 acres are available with lot sizes ranging from 1.31 acres to 7.37 acres with the ability to combine select lots. In addition, two new 7,500 SF retail centers are scheduled to be completed in the Spring of 2016. Heritage Park is strategically located where Interstate 80 merges with Interstate 35. I-35 is the main north/south artery through Iowa. Heritage Park not only offers frontage to I-80/35, it also offers frontage on Hickman Rd (HWY 6) a main East/West corridor through the Des Moines Metro Area. HWY 6 connects the high growth Western Suburbs (Waukee, Urbandale, and Clive) to the Interstate system and the rest of the metro. COMMUNITY Urbandale, a high income suburb of Des Moines, has been the second fastest growing community in Iowa over the past decade. Urbandale is consistently receiving national attention and has been four years running on CNN Money Magazine s Top 100 Places to Live with a population between 8,500 and 50,000. SITE DEMOGRAPHICS: 1 mile 3 miles 5 miles 2012 Total Population 2,126 57,938 159,059 2017 Total Population 2,302 62,657 174,356 2012-2017 Annual Rate 1.61% 1.58% 1.85% 2012 Median Household Income $114,808 $83,290 $72,363 2017 Median Household Income $120,544 $94,634 $83,278 2012 Ave. Household Income $131,160 $102,413 $91,734 2017 Ave. Household Income $146,738 $118,195 $105,644 2012 Ave. Home Value $289,593 $253,147 $225,235 2017 Ave. Home Value $289,593 $253,147 $225,235 PROPERTY HIGHLIGHTS HERITAGE PARK AVAILABLE: LOCATION: FRONTAGE: ANCHORED BY: 1.31 to 7.37 Acres Intersection of I-35/80 & Hickman Road 900+ Linear feet - I-80/35 1,700+ Linear feet - Hickman Road (Highway 6) Life Time Fitness LOT INFORMATION AND PRICING Lot # Gross Area Acres Price 2 101,599 2.33 $13.00/SF 3 69,691 1.60 $13.00/SF 4 77,834 1.87 $10.00/SF 8 57,047 1.31 $15.00/SF 9 110,774 2.54 $14.50/SF 10 152,252 3.50 $13.50/SF 11 168,597 3.87 $12.50/SF
SITE PLAN LOT 4 77,884 sq.ft. 1.87 acres UNDER CONTRACT UNDER CONTRACT Lot # Proposed Land Use 2 Retail New Automobile Dealership 3 Retail New Automobile Dealership 4 Retail New Automobile Dealership Gross Area Acres 101,599 2.33 69,691 1.60 77,834 1.787 Lot # Proposed Land Use Gross Area Acres 8 Retail 57,047 1.31 9 Retail 107,330 2.54 10 Retail- 155,696 3.50 Office Medical Hotel 11 Retail- Office Medical Hotel 168,597 3.87 Notes: Lots 2, 3, & 4 can be combined (5.98 Acres) Lots 8 & 9 can be combined (4.85 Acres) No height restrictions on lot 11
HERITAGE CONCEPTUAL DEVELOPMENT PARK ILLUSTRATION 50 Buffer Pool LIFETIME FITNESS LOT 11 168,597 sq ft ft 3.87 acres Patio LOT 10 152,252 sq ft ft 3.50 acres LOT 1 764,232 sq ft ft 17.54 acres Stormwater Amenity Pond LOT 4 77,854 89,446 sq ft ft 1.79 2.05 acres LOT 2/3 171,290 sq ft ft 3.93 acres LOT 5 78,855 90,417 sq ft ft 1.81 2.08 acres Outlot LOT 6/7 102,743 sq ft ft 2.36 acres Patio Tower LOT 8/9 167,821 sq sq ft ft 3.85 acres 80 35 Signalized 4 Way Controlled Site Entry Access HICKMAN ROAD (US HIGHWAY 6)
AERIAL PHOTO DOUGLAS AVE HICKMAN RD SITE 128TH ST 100TH ST UNIVERSITY AVE WELLNESS CAMPUS
AERIAL, TRAFFIC COUNTS AND PLANNED LOT LAYOUT I-35/80: 104,700 VPD LOT 11 3.87 Acres LOT 2 2.33 Acres LOT 3 1.60 Acres LOT 10 3.50 Acres UNDER CONTRACT UNDER CONTRACT LOT 9 2.54 Acres Hickman Road: 38,100 VPD Lot lines are approximate for descriptive purposes only
AT THE INTERSECTION OF INTERSTATE 35/80 & HICKMAN ROAD (HWY 6) :: URBANDALE, IOWA DES MOINES MSA Des Moines is the largest city and the largest metropolitan area in the state of Iowa. It is located at the confluence of the Des Moines and Raccoon Rivers in the south central portion of the state. Des Moines is the capitol of Iowa, and is located at the intersection of Interstates 80 and 35. The city is located approximately 350 miles west of Chicago, 250 miles south of Minneapolis, 175 miles north of Kansas City, 135 miles east of Omaha, and 350 miles northwest of St. Louis. Forbes Magazine has just ranked the Greater Des Moines Area third on the list of America s Most Livable Cities. Forbes developed this list by using quality of life measures such as unemployment, crime rate and cost of living. Most recently, Marketwatch named Des Moines No. 1 on its list of best U.S. cities for business. The publication wrote in announcing the results of its third annual survey, The city has grown over the past 20 years, built up its downtown region and lured a number of businesses to the area. All the while, it remains a smaller city with manageable commutes and better air quality, the report said. Greater Des Moines crossed the finish line ahead of some major metropolitan areas, including Washington, D.C., which was ranked second, seventh-ranked Denver and Dallas-Fort Worth, which was ninth on the list. Omaha and Minneapolis- St. Paul were ranked third and fourth, respectively. Des Moines strongest performance was in the unemployment metric, where it had the third-best ranking of all 101 cities, with a March 2013 unemployment rate of 5 percent. The national average for that month was 7.5 percent. POPULATION The population for the Des Moines Metro Area, which includes Polk, Warren, Madison, Guthrie and Dallas Counties, is 578,665; reflecting steady growth since 1970 when the number was approximately 340,000. There are approximately 800,000 people within a 1-hour drive of Des Moines. ECONOMY Des Moines has recently experienced sweeping development that has changed the face of the community. The Des Moines MSA has a diversified economic base. Des Moines is expected to create 4,500 new jobs in the by the end of 2013. The insurance and financial sectors are very important to the local economy. There are 60 home offices and more than 100 branch offices of life, health, and casualty insurance firms that are headquartered in the Greater Des Moines area. Des Moines is the world s third largest insurance center after London, England and Hartford, Connecticut. Downtown is home to many major corporations including the Principal Financial Group, Wellmark/Blue Cross-Blue Shield, Employers Mutual, Wells Fargo Financial, Nationwide/Allied Insurance and ING. Major investments have been made across the community in industrial, commercial, residential and retail development. Over $1.56 billion in private and public construction projects were completed. This continuous growth is fueling the Des Moines economy, and strengthening its tax base. The rapidly changing skyline of downtown Des Moines is a sign of the health of the city s economy and growth. Des Moines vitality and growth can be seen in every quadrant of the city. This is evidenced by the recent completion of the new Science Center of Iowa and Imax theater, the new Des Moines Public Library, and Wells Fargo Financials new corporate home office tower. Principal Financial is finalizing the development of the Riverwalk project that connects the east and west sides of downtown Des Moines through a series of lighted and landscaped walking paths and bridges. The project is highlighted by an ice-skating plaza, gardens and other unique attractions. In addition the new 17,000-seat Wells Fargo Arena and Events Center gives Des Moines a world-class entertainment venue unlike any other in the Midwest, attracting top-named performers and sporting events. Adjacent to the Wells Fargo Arena is the new Hy-Vee Hall for trade shows, conventions, and upscale balls and banquets offering 150,000 square feet of contiguous exposition space. Downtown Des Moines is truly evolving with a significant amount of residential being developed through the redevelopment of existing buildings and new ground-up construction. Combine this with a number of new dining and entertainment venues, and it is readily apparent that the downtown area is developing an increasing sense of community. A number of infrastructure improvements and additions make the entire Metro area easier to travel to and easier to navigate through. The I-235 expansion project, a $435,000,000 reconstruction project has greatly improved traffic flow east and west through the center of the Metro. The Highway 5 Bypass south which links I-35 to Highway 65/69 and I-80 opened four years ago. More than $130,000,000 has been invested in the Des Moines International Airport in recent years including a $75,000,000 runway extension project. URBANDALE, IOWA TOP EMPLOYERS INDUSTRY Marsh & McLennan Insurance 1,100 Wells Fargo Financial Finance 530 USPS Postal 500 Urbandale Community Education 450 Schools Iowa Health Home Care Medical 400 Continental Western Insurance Insurance 340 Compressor Controls Turbomachinery 300 Rain and Hail Insurance Insurance 300 # OF EMPLOYEES
Ryan J. Jensen, CCIM Vice President 515.280.2067 ryan.jensen@cbre-hubbell.com Max Colby Sales Associate 515.221.6203 max.colby@cbre-hubbell.com CBRE Hubbell Commercial 6900 Westown Parkway West Des Moines, Iowa 50266 515.224.4900 2016 Hubbell Commercial Brokers, L.C., d/b/a CBRE Hubbell Commercial. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdraw without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. #1467925