J Miller Commercial Real Estate Services
Listed by J Miller Commercial Real Estate Services
$3,450,000
Eldridge Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 27,200
Units 8
Occupancy 86%
Tenancy Multi
Brand/Tenant Ace Hardware , Ace Hardware
Lease Type NNN
Pro-Forma Cap Rate 7.56%
Pro-Forma NOI $260,769
Price per SqFt $127
Class B
Buildings 1
Stories 1
Acreage 2.580
Investment Type Net Lease
Tenant Credit No Credit Rating
Retail | 27,200 SqFt
Marketing description
Multi-tenant strip center in Eldridge IA. High traffic and high visibility location. Property is located on E Leclaire Rd at the Hwy 61 exit in Eldridge. Very well maintained property. Leases have annual escalations. Current “staggered” lease expirations offer future value add options to NOI. Major tenant has long term primary lease.
Listing Contacts
J Miller Commercial Real Estate Services
Listed by J Miller Commercial Real Estate Services
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