Strip Mall, USA, Eldridge, IA 52748, Lofty
Property Type : Retail
Location : North America / All Locations / USA / Iowa
Condition : Active
Price per Token : $50
Return Cash (exp) ? : 6%
Return IRR (exp) ? : 8.60%
Minimum Investment : 1 Token
Total Property Size : 7800 sqft
Total Property Value ? : $2,488,000

 

Strip Mall with McDonalds & Dominos Pizza in Quad Cities, Iowa

Located in the Quad Cities Metro area, this is a 4-unit retail building built in 2010. The tenants include McDonalds, Domino’s, US Cellular, and a Real Estate Office. All tenants are on multi-year triple-net leases (NNN). This means that the tenants pay all the expenses of the property including real estate taxes, building insurance, and maintenance.

McDonalds has been a tenant since 2010 and extended its lease to 2026
Dominos recently moved in and invested $250K in renovations. Their 10-yr lease expires in 2031
US Cellular has been a tenant since 2012 and extended its lease to 2024
A Real Estate Office recently moved in and signed a 3-yr lease
Near new Amazon project

Amazon is building a 2.9M square foot robotics fulfillment center just a 12 minute drive from this strip mall. The warehouse is expected to open summer of 2024 and create a minimum annual economic impact of $148M to the region.

Big Anchor Tenants

3 of the 4 current tenants are big-name brands who have recently moved in or renewed their leases at higher rental rates. Other recognizable businesses nearby include Subway, Dollar General and Snap Fitness.

1 min from major highway

Located on an entrance/exit of a major U.S highway, it takes drivers just 1 minute to reach the mall. Route 61 passes through 3 US states (New Orleans, Iowa and Mississippi).

 

 

 

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