?- 100% Occupied 21,672 Square Foot Hy-Vee-Shadowed Strip Center | Muscatine, Iowa (Quad Cities-CSA with Over 475k People)
- ?Hy-Vee = High Performing Location | 1.25m Annual Customers | Top 39% Foot-Traffic / Est. Sales Top 24% Per Placer.Ai
?- Major Upside Via Mark-To-Market Rental Opportunities Due To Long-Standing Tenants Paying Outdated Rents | Tangible Upside in Renewals + Opportunistic Backfilling
- ?Well-Below Market Rents Avg. Only $13.37/SF | 72% of GLA at Site Since 2004 | 20.6% of GLA at Site Since 2012
?- Latest Lease Signing by T-Mobile in 2023 Represents 45% Rental Increase Compared to Center Average | Recent Lease Signings at Adjacent Centers Exceeded $31/SF Average
- ?25% of GLA Lacks Options – Remaining Tenants have Limited Option Schedules | Major Wait List from National/Regional Inline Tenants
- ?Extremely Low Market Vacancy of 0.3% | Most Retail Supply-Constrained Submarket within Iowa | New Construction Since 2015 Represents 0.45% of Total Supply | High Barriers to Entry due to Limited Developable Land and Restrictive Zoning
- ?Landlord Favorable NNN Lease Structures | Full Reimbursement for Tax, CAM, and Insurance | Minimizes Potential Slippage | Ease of Management
- ?True Irreplaceable Real Estate Along Regions Busiest Route Seeing Over 20,400 | Just Off Signalized Intersection Seeing 31k VPD
- ?True Irreplaceable Real Estate Along Regions Busiest Route Seeing Over 20,400 | Just Off Signalized Intersection