$7189822

New Listing | Burlington | 9.00% Cap Rate | Renewal Option Exercised

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Ad Details

  • Ad ID: 577

  • Added: April 2, 2020

  • Sale Price: $7189822

  • Location: United States

  • State: IL

  • City: Bettendorf

  • Views: 366

  • Any Important Note: NO

Description

CAP RATE : 9.00%
SIZE : 79,158 SF
LOCATION
Bettendorf, IA

Investment Highlights
The Boulder Group is pleased to exclusively market for sale a single tenant Burlington property located in Bettendorf, Iowa.
Located within the Quad Cities MSA
Tenant is a publicly traded company (NYSE: BURL) with a market cap in excess of $13 billion
Burlington recently exercised their first renewal option, demonstrating commitment to the location
Rental escalations in each of the three 5 year renewal options
Strategically located in a dominant retail corridor which features Walmart Supercenter, Super Target, Home Depot, Hobby Lobby, Sam’s Club, Lowe’s Gander Mountain, Kohl’s, Best Buy, Ashley Furniture, Dick’s Sporting Goods, Walgreens and a Schnucks grocery store
Positioned at a heavily trafficked intersection (36,000 VPD)
Immediate proximity to Interstate 74 (58,000 VPD)
Over 192,000 people living within a five mile radius of property
Affluent area
Brand new roof in 2016