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Shopping Neighborhood

Plato’s Closet / Style Encore / Weight Watchers

5252 Elmore Avenue, Davenport, IA 52807

Listing Price: $2,725,000

Cap Rate
7.11%
Gross SF
12,989
Rentable SF
12,989
Price/Gross SF
$209.79
Lot Size
0.30 acres
Year Built
2002

Investment Overview

Over 133,500 Residents Within Five Miles

Average Household Income Of $89,931 Within Five Miles

Adjacent To Bio-Life, Aldi & Verizon

Investment Highlights

  • Plato's Closet - New 10 Year Lease (Next Rent Increase at Year Six – 10 Percent Increase)
  • Style Encore - New 10 Year Lease (Next Rent Increase At Year Six – 10 Percent Increase)
  • Weight Watchers - New Five Year Lease (3 Percent Annual Rent Increases)
  • Weight Watchers - Has Been A Tenant for Over 12 Years
  • Completely Remodeled Interior Spaces - Significant Capital Investment
  • All Leases Are Triple-Net

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Shopping Neighborhood

Plato’s Closet / Style Encore / Weight Watchers

Listing Price: $2,725,000

Cap Rate
7.11%
Gross SF
12,989
Rentable SF
12,989
Price/Gross SF
$209.79
Lot Size
0.30 acres
Year Built
2002

Investment Highlights

  • Plato's Closet - New 10 Year Lease (Next Rent Increase at Year Six – 10 Percent Increase)
  • Style Encore - New 10 Year Lease (Next Rent Increase At Year Six – 10 Percent Increase)
  • Weight Watchers - New Five Year Lease (3 Percent Annual Rent Increases)
  • Weight Watchers - Has Been A Tenant for Over 12 Years
  • Completely Remodeled Interior Spaces - Significant Capital Investment
  • All Leases Are Triple-Net

Investment Overview

Over 133,500 Residents Within Five Miles Average Household Income Of $89,931 Within Five Miles Adjacent To Bio-Life, Aldi & Verizon

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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