Boot Barn & DXL - West Des Moines, IA

West Des Moines, IA, US, Americas

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the two-tenant Boot Barn/DXL at 6503 Milles Civic Parkway, West Des Moines, Iowa (“Property” or “Asset”). Boot Barn and DXL are operating on a corporate NN lease with ±9.0 years of weighted average lease term, with each tenant benefitting from 10% rent escalations every 5 years in each of their renewal options.

Broker of Record: Aaron Hyde – IA License #: S56270000

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Attributes

Asking price

NT$187,907,000

Cap rate

6.6%

NOI

NT$12,403,000

WAULT

9 years

Building area gross

1,829 m²

Occupancy

100%

Boot Barn & DXL - West Des Moines, IA (2 Properties)

Media

Investment Highlights

Two-tenant retail pad with ±9.0 years of weighted average lease term
Adjacent to Jordan Creek Town Center, a top 1% most visited shopping center in the country (placer.ai) and the #1 most visited shopping center in Iowa
DXL exercised its extension option early, bringing the lease term to ±7.2 years and demonstrating strong commitment to the center
Next to Well’s Fargo Jordan Creek Campus with 12,000+ employees
Trophy retail real estate in West Des Moines with an 83% population growth since 2010 within a 1-mile radius of the Property
Just off Mills Civic Pkwy & I-35/I-80 interchange with 188,000 VPD
Boot Barn is the largest & fastest growing retail chain in the western & workwear market
DXL just completed a $1.2 billion merger with FullBeauty Brands in 2025