Staples, Iowa City

820 South Riverside Drive
Iowa City, IA 52246

PROPERTY SOLD

Square Footage: 18,049

Acreage: 1.82

Price: $4,855,750

Cap Rate: 7.75%

Description:

  • Long term net lease with a publicly traded (NASDAQ: SPLS) investment grade credit (S&P: BBB/Stable) tenant
  • Staples is the world’s largest office products company with over 2,000 stores in 26 countries and over $24 billion in annual sales
  • 2009 construction of a relocation store experiencing above average unit sales
  • Ideally located adjacent to University of Iowa (31K+ students) and the CBD
  • Strong traffic counts in front of property with +/- 23,000 cars per day
  • 68,000 people in a 3-mile radius with an average HH income of $61,000
  • Downtown is currently undergoing major redevelopments along the riverfront to sustain long term success for the area

Staples, Iowa City

Downloads

Marketing Package         

Investment Summary         

Demographics         

Site Plan         

Aerials         

Contact

Tyson Glasser, CCIM
Investment Sales Director
(864) 263-5427 - Main
(404) 435-6312 - Mobile