The Marketplace

Market Price

3231-3331 Marketplace Dr, Council Bluffs, IA 51501

For Sale

Retail Strip Center

Active

Last Updated: 09/25/2024

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

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.