Listed by The Hawkeye Group
$4,350,000
1320 W Kimberly Rd, Building
Details
APN M150503K
Property Type Retail
Sub Type Shopping Center
Square Footage 79,055
Net Rentable (SqFt) 79,055
Cap Rate 9.00%
NOI $392,479
Occupancy 100%
Tenancy Multi
Price per SqFt $55
Class B
Year Built 1987
Stories 1
Acreage 5.850
Zoning General Commercial
Investment Type Stabilized
Ground Lease No
Dock High Doors 1
Sale Condition For sale by owner
Retail Strip Center Available!
Marketing description
An exceptional investment opportunity in Davenport, Iowa, located along highly traveled Kimberly Road, averaging +/- 22,000 VPD. This 70,055 SF strip center sits on 5.85 acres, including an additional vacant parcel fronting Marquette Street, just north of W. Kimberly Road - offering future expansion or development potential. The property is fully occupied by five established tenants, with lease terms extending through 2027-2031, providing stable, long-term cash flow. Since acquiring the property in 2014, ownership has completed numerous capital improvements, further enhancing the asset's condition and marketability.
Investment highlights
- Located along highly traveled Kimberly Road, averaging +/- 22,000 VPD
- 70,055 SF strip center sits on 5.85 acres
- Includes an additional vacant parcel fronting Marquette Street, just north of W. Kimberly Road - offering future expansion or development potential
- Fully occupied by five established tenants, with lease terms extending through 2027-2031, providing stable, long-term cash flow
- Since acquiring the property in 2014, ownership has completed numerous capital improvements, further enhancing the asset's condition and marketability
Listing Contacts
Listed by The Hawkeye Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$392,479.00
$32,706.58/mo
Valuation Metrics
0
DSCR
9.02%
Cap Rate
9.02%
ROI
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