The Marketplace

3231-3331 Marketplace Dr, Council Bluffs, IA

Market Price

Price

$1,299,424

NOI

114,372 sqft

Building Size

Gallery
Street
Map
Overview
NOI
$1,299,424
Building Size
114,372 sqft
Lot Area
31.12 acres
Occupancy
100%
Year Built
2008, 2016
Zoning
P-C, Planned Commercial District
Tenancy
Multiple
Highlights
  • NATIONAL CREDIT STRENGTH TENANTS: Strong performing national tenants including a National Box Retailer (building to be built by new ownership group; fresh lease term), an additional National Box Retailer (new ownership group to build out interior improvements), Boot Barn, and Petco.
  • REGIONAL TRADE AREA | OMAHA-COUNCIL BLUFFS MSA: Surrounding retailers include Walmart, Menards, Sam’s Club, The Home Depot, Target, Dick’s, Old Navy, among many other retailers and QSR locations
  • EXCELLENT ACCESS | HIGH VISIBILITY: Located immediately off I-80 (84,732 VPD) and I-29 (42,915 VPD). This interchange is highly desired due to its east-to-west traffic linking the states of Iowa and Nebraska.
  • STRONG TENANT SALES | REPLACEABLE RENTS: All tenants are currently paying rents in-line with market lease rates. Should any tenant leave, ownership will be able to easily replace current rents.
  • FUTURE DEVELOPMENT POTENTIAL: A new ownership group can take advantage of two different development opportunities -the first being 3 acres in front of a National Retailer and Petco; the second being 4.32 acres next to the JCPenney box.
Documents
Title
026i_The_Marketplace-Council_Bluffs__IA-OM.pdf
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Location
Gallery