Hy-Vee / Guitar Center / Petco
3860 Elmore Avenue, Davenport, IA 52807, USA

$8,629,000· Multi Tenant (Available)

Investment Highlights

  • Complete Interior Remodel For Hy-Vee
  • New Roof 2022 (Over Hy-Vee & Guitar Center)
  • New Mechanicals 2022 (Hy-Vee)
  • Petco - Long Term Tenancy With Multiple Extensions
  • Just Over Five Years Remain
  • Petco Has Occupied Since 1995
  • Next Rent Bump On February 2023
  • One –Five Year Option Remains
  • Guitar Center - New Six Year Lease
  • Corporate Guarantee –Nearly 300 Locations
  • One –Five Year Option (With Increase)
  • Leased At This Location Since 2006 (16 Years)
  • Hy-Vee Central Bakery - New 10 Year Lease
  • Six –Five Year Options (With Increases)
  • Served As A Hy-Vee Central Bakery Location
  • Leased At This Location Since 1997 (25 Years)
  • All Leases Are Triple-Net
  • Landlord Responsible For Roof & Structure
  • Landlord Handles Management And Reimbursement From Other Outlot Retail Building
  • Extremely Dense Retail Market Located Right Off Interstate 74
  • Surrounded By Other National And Regional Retailers
  • Market Occupancy Of 95.6% -Retail
  • Over 133,000 Residents Within Five Miles
  • Average Household Income Of $81,050 Within Five Miles
  • Elmore Ave Traffic Counts –17,500 (2020)

Location

Agent

Jeff Rowlett

jeff.rowlett@marcusmillichap.com
262 364 1924

Jeff Rowlett is a leading Investment Advisor at Marcus & Millichap serving private capital investors in Chicago, Milwaukee and nationwide. Mr. Rowlett is widely recognized as a leading investment properties specialist. His expertise is in understanding the capital markets, knowing..

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