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2801-2811 W Broadway
Council Bluffs, IA 51501
Retail Property For Sale
Investment Highlights
- Established Anchor Tenant
- Value-Add Opportunity
- Proximity to Downtown Omaha
- National Credit Tenancy
- Premier Retail Corridor Location:
- Outstanding Visibility and Traffic Counts
Executive Summary
Established Anchor Tenant: The property is anchored by AutoZone (NYSE: AZO), which has operated at this location since 1998, demonstrating longterm commitment and strong performance
National Credit Tenancy: Over 60% of the gross leasable area is leased to nationally recognized tenants including AutoZone and Family Dollar, providing stable, credit-backed income.
Value-Add Opportunity: Significant upside potential through the lease-up of ±18,880 SF of vacant space and the development of an outpad of up to ±1,600 SF, allowing an investor to enhance both cash flow and overall asset value.
Premier Retail Corridor Location: Strategically positioned along West Broadway, the city’s main thoroughfare. Roughly 60% of Council Bluffs residents live within one mile of this corridor.
High-Performing Tenants: Visitation metrics place Family Dollar (98thpercentile) and AutoZone (65th percentile) as top locations in the state of Iowa
Proximity to Downtown Omaha: Close proximity to Downtown Omaha being only 2.5 Miles from the property
Outstanding Visibility and Traffic Counts: Excellent frontage and visibility along the highly trafficked W Broadway with over 22,000 VPD
National Credit Tenancy: Over 60% of the gross leasable area is leased to nationally recognized tenants including AutoZone and Family Dollar, providing stable, credit-backed income.
Value-Add Opportunity: Significant upside potential through the lease-up of ±18,880 SF of vacant space and the development of an outpad of up to ±1,600 SF, allowing an investor to enhance both cash flow and overall asset value.
Premier Retail Corridor Location: Strategically positioned along West Broadway, the city’s main thoroughfare. Roughly 60% of Council Bluffs residents live within one mile of this corridor.
High-Performing Tenants: Visitation metrics place Family Dollar (98thpercentile) and AutoZone (65th percentile) as top locations in the state of Iowa
Proximity to Downtown Omaha: Close proximity to Downtown Omaha being only 2.5 Miles from the property
Outstanding Visibility and Traffic Counts: Excellent frontage and visibility along the highly trafficked W Broadway with over 22,000 VPD
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
43,677 SF
Building Class
C
Year Built
1957
NOI
$174,839 CAD
Percent Leased
57%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.34
Lot Size
2.95 AC
Zoning
Commercial
Parking
125 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 7544-27-387-001 | Improvements Assessment | $236,383 CAD |
| Land Assessment | $1,405,865 CAD | Total Assessment | $1,642,248 CAD |
Property Taxes
Parcel Number
7544-27-387-001
Land Assessment
$1,405,865 CAD
Improvements Assessment
$236,383 CAD
Total Assessment
$1,642,248 CAD
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