JUST CLOSED – Prairie Cove Retail Center (Altoona, IA)

justin zahn

Prairie Cove Retail Center
Altoona, IA
Marketing Package Available

$4,868,000 @ 8.50% CAP

  • 95% occupied retail center – well located on main East / West thoroughfare in Altoona.
  • Adjacent to Walmart, Target, Lowe’s & Menard’s.
  • Less than a mile from Prairie Meadows Racetrack & Casino (only casino serving the Des Moines metropolitan area) and Adventureland (with over 600,000 visitors annually).
  • Area of continued growth – Des Moines Outlets will be an integral part of The Shoppes of Prairie Crossing (the site consists of 174 acres and over 1.4 million square feet of leasable space with plans for hotel, additional retail, office & residential uses), Facebook Data Center (476,000 sq.ft. building – still under construction, opening early 2015) & Cinemark will be opening a new 10-screen theatre.
  • Altoona’s unemployment rate is 4%.
  • Total Population of 68,725 in the 5-Mile Ring with an average household income exceeding $83,440 in the 1-mile ring.
  • View the full listing at CIAdvisor.com

Contact Justin Zahn @ (402) 730-6021