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920 North St, Eldridge, Iowa 52746, US

Est. IRR


Est. Yield


Est. Equity Multiple


Key Stats

Last updated: December 23, 2022, 09:00 pm

Est. IRR


Est. Yield


Est. Property Value


Year Built / Renovated

2003 / 2017





Sq. Ft.




Debt LTV


Yearly Income


Yearly Expenses


Yearly Profit


Cap Rate


Lot Size

1.2 acres

Asset Class (Retail)

Retail properties market and sell consumer goods and services. This includes single tenant retail buildings, small neighborhood shopping centers, larger centers with grocery store anchor tenants, and "power centers" with large anchor stores.


Strip Mall with Subway & T-Mobile in Quad Cities, Iowa

This Retail property with 4 tenants is located close to Scott County Library (0.2 mi), Eldridge Outdoor Skatepark (0.5 mi), and Rustic Ridge Golf Course (0.6 mi). The largest nearby employers include U.S Cellular (0.1 mi), Ryder (6.4 mi), and Pizza Hut (8.8 mi).

The building sits on 1.2 acres with a total interior space of 6,500 square feet. The property was originally built in 2003 and was renovated in 2017.

The business plan would be classified as a long-term hold strategy which in this case means maximizing profits by increasing rents and keeping occupancy high.

Current tenants include Subway, Burger King, T-Mobile, and a Real Estate Office. All tenants are on multi-year triple-net leases (NNN). This means that the tenants pay all the expenses of the property including real estate taxes, building insurance, and maintenance.

5 Highlights for this Deal:

  1. Subway has been a tenant since 2015 and extended its lease to 2025

  2. Burger King recently moved in and invested $150K in renovations. Their 5-yr lease expires in 2028

  3. T-Mobile has been a tenant since 2010 and extended its lease to 2030

  4. A Real Estate Office recently moved in and signed a 2-yr lease which expires in 2025

  5. Walmart is building a large fulfillment center which is just a 15 minute drive from this strip mall. The warehouse is expected to open Summer of 2024

Market Highlights

Closest School

Edward White Elementary School

Edward White Elementary School(1.0 mi)


Closest University

St. Ambrose University

St. Ambrose University(8.5 mi)


Closest Fortune 500 Headquarters

John Deere

John Deere(20.6 mi)

Industry: Construction & Farm Machinery

Closest Employer

U.S. Cellular

U.S. Cellular(0.1 mi)

Industry: Telecommunications

Local Employees: 6,272

Closest Transit

NW Blvd & 72nd Street

NW Blvd & 72nd Street(7.7 mi)


Closest Airport

Quad City International Airport

Quad City International Airport(17.8 mi)


On the Map

920 North St, Eldridge, Iowa 52746, US

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