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Shopping Strip

Dave & Busters / BioLife Anchored Center

5248 - 5250, 5252, 5266 Elmore Ave, Davenport, IA 52807

Listing Price: $12,700,000

Cap Rate
7.68%
Gross SF
60,917
Rentable SF
60,917
Price/Gross SF
$208.48
Lot Size
9.61 acres
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to present this six tenant center in Davenport, Iowa. The property is 100 percent occupied with triple-net leases and both anchor tenants recently underwent complete interior and exterior renovations including new roof.

Investment Highlights

  • 100 Percent Occupied with Triple-Net Leases
  • Significant Capital Investment to BioLife and Dave & Buster's Units - New Roof / New HVAC Units / Extensive Tenant Build-Outs
  • Anchored by Dave & Buster's with a New 15 Year Triple-Net Lease
  • BioLife Has Eight Years Remaining on Original 10 Year Triple-Net Lease
  • Extremely Dense Retail Corridor with Great Visibility from Elmore Avenue

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Shopping Strip

Dave & Busters / BioLife Anchored Center

Listing Price: $12,700,000

Cap Rate
7.68%
Gross SF
60,917
Rentable SF
60,917
Price/Gross SF
$208.48
Lot Size
9.61 acres
Year Built
2002

Investment Highlights

  • 100 Percent Occupied with Triple-Net Leases
  • Significant Capital Investment to BioLife and Dave & Buster's Units - New Roof / New HVAC Units / Extensive Tenant Build-Outs
  • Anchored by Dave & Buster's with a New 15 Year Triple-Net Lease
  • BioLife Has Eight Years Remaining on Original 10 Year Triple-Net Lease
  • Extremely Dense Retail Corridor with Great Visibility from Elmore Avenue

Investment Overview

Marcus & Millichap is pleased to present this six tenant center in Davenport, Iowa. The property is 100 percent occupied with triple-net leases and both anchor tenants recently underwent complete interior and exterior renovations including new roof.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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