Hy-Vee Plaza

HY-VEE PLAZA
1745 Madison Ave., Council Bluffs, IA 51503

PRICE $9,801,335
GLA 74,361 SF
PROPERTY TYPE Shopping Center
CAP RATE 6.32%
OCCUPANCY 97%
YEAR BUILT 2005
DEMOGRAPHICS
Total Population
1 – mi. – 5,929
3 – mi. – 43,753
5 – mi. – 72,398
More info in the flyer

INVESTMENT HIGHLIGHTS

  • 100% Occupied Hy-Vee Anchored Seasoned Location – Hy-Vee has a 40 Year Operating History at the Shopping Center – Hy-Vee Signed a NNN Ground Lease Featuring 12% Rental Increases Every 5 Years throughout the Initial Term and Options – Below Market Rent for Hy-Vee and Limited Landlord Responsibilities (No Roof & Structure) – Hy-Vee, Inc. is a Privately/Employee Owned Grocer that Has Sales of More Than $9 Billion Annually, Ranks Among the Top 25 Supermarket Chains and the Top 50 Private Companies in the U.S with 235 Stores in 8 Midwestern States.
  • QCS, Inc. is a Strong Franchisee (22-Units Across Iowa and Nebraska) of Great Clips, which is One of the World’s Largest Salon Brands – Bluff’s Pizza, Inc is a Strong Franchisee (10-Units Across Iowa and Nebraska) of Papa Murphy’s, which is One of the Largest Take “N” Bake Pizza Chains in the U.S. – MADOptical is a Regional Optometry Center.
  • Features Easy Access and Excellent Visibility Along Madison Avenue to Daily Traffic Counts in Excess of 21,400+ Vehicles – Direct Access to I-80 (25,300+ VPD) – Strong Signage Enhances this Exposure.
  • Within a Strong Retail Trade Corridor – Numerous National Major Retailers In Close Proximity to the Site Including Walmart, Sam’s Club, Menard’s, The Home Depot, Kohl’s, Target, Hobby Lobby, Dick’s Sporting Goods, Aldi, Olive Garden, and Many More.
  • Site is Surrounded by Dense Residential  Neighborhoods, Apartment Complexes, and Near Numerous Amenities Including Parks, Hotels, Hospital, and More.
  • Excellent Centralized Location – Pad Site to Mall of the Bluffs, a 600,500 SF Regional Enclosed Mall Anchored by Dillard’s, Planet Fitness, Alegent Health and Featuring 78 Specialty Shops Including Victoria’s Secret, Bath & Body Works, The Children’s Place, GNC, and More.
  • Numerous Schools are within a 5-Mile Radius Including Iowa Western Community College (5,500+ Students), Abraham Lincoln High School (1293+ Students), Thomas Jefferson High School (1180+ Students), Woodrow Wilson Junior High School (912+ Students) and Many More.

City:Council Bluffs
State:IA
Square Feet:74,361 SF
Price:$9,801,335
Cap Rate:6.32%

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