The Marketplace

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The Marketplace

3231-3331 Marketplace Dr Council Bluffs IA Pottawattamie County

Sales Price: UNPRICED

Contact Person(s): Daniel Kukes
Jason Greenspan
Maxwell Lippitt

Description:

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
  • Sitting on the Iowa/Nebraska border, the subject property is just five miles southeast of downtown Omaha, NE.

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.

Building Size: 114,372 SF

Lot Size: 31.12 AC

Zoning: P-C, Planned Commercial District

Tenant Roster: Boot Barn, Party City, Petco, Shoe Carnival, JOANN, Two New Leases with National Box Retailers

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 3,311 48,212 150,516
Avg. HH Income: $70,034 $63,597 $67,180
Daytime Population: 5,004 26,026 106,811

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.