J Miller Commercial Real Estate Services
Listed by J Miller Commercial Real Estate Services
$3,825,000
Eldridge Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 27,200
Units 7
Occupancy 100%
Tenancy Multi
Brand/Tenant Ace Hardware , Ace Hardware
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 7.69%
Pro-Forma NOI $294,000
Price per SqFt $141
Class B
Buildings 1
Stories 1
Acreage 2.580
Investment Type Net Lease
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition 1031 exchange
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. perfect 1031 option.
Listing Contacts
J Miller Commercial Real Estate Services
Listed by J Miller Commercial Real Estate Services
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
