Shopping Strip
Plato’s Closet / Style Encore / Weight Watchers
5252 Elmore Avenue, Davenport, IA 52807
Listing Price: $2,650,000
Investment Overview
Marcus & Millichap is pleased to present this 100 percent occupied, recently renovated center on Elmore Avenue in Davenport, IA. All three tenants are on triple net leases. Plato's Closet and Style Encore signed 10 year leases in 2024 and have 10 perccent rent increases in 2029 and in each of their options. Weight Watchers has occupied this center for 15 years and has three percent annual rent increases. The center is adjacent to Dave & Busters and BioLife that are available for sale separately. Both centers benefit from over 25,000 vehicles per day on Elmore Ave and over 133,000 residents within five miles.
Plato’s Closet / Style Encore / Weight Watchers
Investment Highlights
- 100 Percent Occupied by Plato's Closet, Style Encore and Weight Watchers on Triple Net Leases
- Built in 2002 and Well Maintained; All Three Suites were Completely Remodeled in 2024
- Plato's Closet Occupies 55.4 Percent on a Ten Year Lease through March 2034 with a 10 Percent Rent Increase in 2029 and Each Option
- Adjacent to ALDI, Dave & Busters, Verizon and BioLife
- Over 133,000 Residents within Five Miles with Average Household Income of $89,931
Broker of Record
Financing By
Shopping Strip
Plato’s Closet / Style Encore / Weight Watchers
Listing Price: $2,650,000
Investment Highlights
- 100 Percent Occupied by Plato's Closet, Style Encore and Weight Watchers on Triple Net Leases
- Built in 2002 and Well Maintained; All Three Suites were Completely Remodeled in 2024
- Plato's Closet Occupies 55.4 Percent on a Ten Year Lease through March 2034 with a 10 Percent Rent Increase in 2029 and Each Option
- Adjacent to ALDI, Dave & Busters, Verizon and BioLife
- Over 133,000 Residents within Five Miles with Average Household Income of $89,931
Investment Overview
Marcus & Millichap is pleased to present this 100 percent occupied, recently renovated center on Elmore Avenue in Davenport, IA. All three tenants are on triple net leases. Plato's Closet and Style Encore signed 10 year leases in 2024 and have 10 perccent rent increases in 2029 and in each of their options. Weight Watchers has occupied this center for 15 years and has three percent annual rent increases. The center is adjacent to Dave & Busters and BioLife that are available for sale separately. Both centers benefit from over 25,000 vehicles per day on Elmore Ave and over 133,000 residents within five miles.
Broker of Record
Financing By
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