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Shopping Strip

Elmore Avenue Shoppes

4810 Elmore Avenue, Davenport, IA 52807

Listing Price: $2,550,000

Cap Rate
7.06%
Rentable SF
9,835
Lot Size
1.38 acres
Year Built
2002

Investment Overview

Marcus & Millichap is please to present this 100 percent occupied retail center with triple net leases. Three of the tenants have been at the property since construction in 2002 and two recently renewed for ten years.

Investment Highlights

  • Fully Occupied Six-Unit Retail Center
  • All Tenants on Triple Net Leases that Include Admin Fees
  • Long Term Tenancy - Three Tenants have Occupied for Over 20 Years
  • Two Tenants Recently Renewed for 10 Years
  • Extremely Dense Retail Market Located Right Off Interstate 74
  • Great Visibility on Elmore Ave - 16,084 Vehicles per Day

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Shopping Strip

Elmore Avenue Shoppes

Listing Price: $2,550,000

Cap Rate
7.06%
Rentable SF
9,835
Lot Size
1.38 acres
Year Built
2002

Investment Highlights

  • Fully Occupied Six-Unit Retail Center
  • All Tenants on Triple Net Leases that Include Admin Fees
  • Long Term Tenancy - Three Tenants have Occupied for Over 20 Years
  • Two Tenants Recently Renewed for 10 Years
  • Extremely Dense Retail Market Located Right Off Interstate 74
  • Great Visibility on Elmore Ave - 16,084 Vehicles per Day

Investment Overview

Marcus & Millichap is please to present this 100 percent occupied retail center with triple net leases. Three of the tenants have been at the property since construction in 2002 and two recently renewed for ten years.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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