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Asbury Plaza 2515 Nw Arterial 16,100 SF 100% Leased Retail Building Dubuque, IA 52002 $5,400,000 ($335.40/SF) 7.48% Cap Rate
Executive Summary
Excellent investment opportunity located on Dubuque's highly traveled NW Arterial corridor, with exposure to an estimated 20,000+vehicles per day. This property includes and is surrounded by a strong mix of national, regional and local commercial tenants that drive consistent daily traffic to the area. The exisiting tenants within the development include Fiesta Cancun, Orange Theory, Hy-vee Health Exemplar Care, US Cellular, Jimmy Johns, Tropical Smoothie Cafe, and Ocean Nails.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,100 SF
Building Class
B
Year Built
2006
Price
$5,400,000
Price Per SF
$335.40
Cap Rate
7.48%
NOI
$403,991
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.10 AC
Zoning
CI - Commercial/Retail
Parking
126 Spaces (7.83 Spaces per 1,000 SF Leased)
Frontage
564’ on NW Arterial
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-17-476-018 | Improvements Assessment | $3,013,100 |
| Land Assessment | $1,784,600 | Total Assessment | $4,797,700 |
Property Taxes
Parcel Number
10-17-476-018
Land Assessment
$1,784,600
Improvements Assessment
$3,013,100
Total Assessment
$4,797,700
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Asbury Plaza | 2515 Nw Arterial
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