Plato’s Closet / Style Encore / Weight Watchers — Sale in Davenport, IA
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Davenport, IA 52807
Photos
Investment Figures
- Cap rate
- 7.32%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present this 100 percent occupied, recently renovated center on Elmore Avenue in Davenport, IA. All three tenants are on triple net leases. Plato's Closet and Style Encore signed 10 year leases in 2024 and have 10 perccent rent increases in 2029 and in each of their options. Weight Watchers has occupied this center for 15 years and has three percent annual rent increases. The center is adjacent to Dave & Busters and BioLife that are available for sale separately. Both centers benefit from over 25,000 vehicles per day on Elmore Ave and over 133,000 residents within five miles. Investment Highlights: • 100 Percent Occupied by Plato's Closet, Style Encore and Weight Watchers on Triple Net Leases • Built in 2002 and Well Maintained; All Three Suites were Completely Remodeled in 2024 • Plato's Closet Occupies 55.4 Percent on a Ten Year Lease through March 2034 with a 10 Percent Rent Increase in 2029 and Each Option • Adjacent to ALDI, Dave & Busters, Verizon and BioLife • Over 133,000 Residents within Five Miles with Average Household Income of $89,931
Market Context
This retail in Davenport, IA is listed for sale. It is offered at an approximate 7.3% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Davenport, IA — view the full market.
Contact
- Jon Ruzicka · (952) 852-9700
- Michael Hughes · (262) 364-1938 · michael.hughes@marcusmillichap.com
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