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Grocery Store

HY-VEE Central Bakery

3861 Elmore Avenue, Davenport, IA 52807

Listing Price: $6,030,000

Cap Rate
4.75%
Tenant Name
Hy-Vee
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
57,263
Lease Type
Double Net
Rent Per Square Feet
$5.00

Investment Overview

OVER 133,000 RESIDENTS WITHIN FIVE MILES AVERAGE HOUSEHOLD INCOME OF $81,050 WITHIN FIVE MILES ELMORE AVE TRAFFIC COUNTS –17,500 (2020)

Investment Highlights

  • NEW 10 YEAR LEASE - SERVED AS A HY-VEE CENTRAL BAKERY LOCATION
  • SIX –FIVE YEAR OPTIONS (WITH INCREASES)
  • LEASED AT THIS LOCATION SINCE 1997 (25 YEARS)
  • COMPLETE INTERIOR REMODEL FOR HY-VEE
  • NEW ROOF 2022 / NEW MECHANICALS 2022
  • DOUBLE NET - LANDLORD RESPONSIBLE FOR ROOF & STRUCTURE

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Grocery Store

HY-VEE Central Bakery

Listing Price: $6,030,000

Cap Rate
4.75%
Tenant Name
Hy-Vee
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
57,263
Lease Type
Double Net
Rent Per Square Feet
$5.00

Investment Highlights

  • NEW 10 YEAR LEASE - SERVED AS A HY-VEE CENTRAL BAKERY LOCATION
  • SIX –FIVE YEAR OPTIONS (WITH INCREASES)
  • LEASED AT THIS LOCATION SINCE 1997 (25 YEARS)
  • COMPLETE INTERIOR REMODEL FOR HY-VEE
  • NEW ROOF 2022 / NEW MECHANICALS 2022
  • DOUBLE NET - LANDLORD RESPONSIBLE FOR ROOF & STRUCTURE

Investment Overview

OVER 133,000 RESIDENTS WITHIN FIVE MILES AVERAGE HOUSEHOLD INCOME OF $81,050 WITHIN FIVE MILES ELMORE AVE TRAFFIC COUNTS –17,500 (2020)

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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