Shopping Center | Hobby Lobby

$3,795,000 | 9% Return

The subject property is located on one of the main thoroughfares in Waterloo. Also Know as the 934, University Ave is a high traffic thoroughfare which comes off of Hwy 218. University Avenue is a very busy 4 lane thoroughfare, with a 4-way signalized intersection at University Ave. & Greenhill Rd. The Property is in a dense commercial shopping area which includes several other Retailers including K-Mart, Dollar General, Walgreen's O'Reilly's Auto Parts, McDonald's, Godfathers Pizza etc. The commercial shopping area serves both Waterloo and Cedar Falls. Also located within 3 miles from the subject property is the University of Northern Iowa Campus's. The University of Northern Iowa enrolls approximately 12,000 - 14,000 students per year.

	Excellent return at a 9% cap
	Excellent security & easy management
	2 solid, stable long term tenants
	Tenants just exercised 5 year lease options

	NNN Leases
	Below replacement cost $57.23 Per Sqft.
	High traffic location on University Ave
	Rent Increases on 3/1/13

Sq Ft:	66,300
Yr Built:	1966
Pool:	No
Asking:	3,795,000

Address:	3727-3731 University Avenue
	Waterloo, IA
	50701

Property Map

George Renz
408-846-1031

Contact Agent

Lic#: 00854816

Renz & Renz Real Estate Brokerage
7500 Arroyo Circle
Suite# Suite 170
Gilroy, CA 95020
408-846-1031

Information deemed reliable but not guaranteed.
Agent and/or buyer to verify all information.

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