1505/1509 W Broadway

Description

This 2005 built shopping plaza offers 8400SF of leasable space. The property is well maintained, fully leased, offers a diverse tenant base and comes with great visibility being situated just off one of the busiest traffic light intersections in Council Bluffs at 16th and Broadway! With Triple Net leases on all suites, this property offers a solid and stable income with more upside potential, the longer leases have built in escalations, and others offer opportunity for renegotiation in the nearer future. With bays ranging from 800-1680SF each, these spaces have a strong demand from tenants of all use types. With the current lease rates set to go into place 8/1/25 and the last 12 months operating expenses for comparison, this property is being offered at close to a 9% CAP rate!