Iowa City Market Place 1602-1646 Sycamore St

Investment Highlights

80% Occupied Power Center Anchored By the First Ollie's in the State of Iowa, With Best in Class Co-Tenancy of JoAnn, Planet Fitness Etc. The Subject Property is Located Along a High Traffic Corridor (+/- 40,000 VPD), Just 2-Miles Southeast of The University of Iowa Prior LOI With Five Below, Showing Continued Demand From National Retailers Immediate Upside With Backfilling the Vacant Spaces, as Well as Outparcel Arbitrage With the Outparcel Strip Center New Ollie?s Anchor Tenancy (First Ollie's in the State of Iowa) Seven (7) Suites Totaling 48,208 SF of Vacancy Available For Future Upside - 20% of the GLA

Executive Summary

Franklin Street is Pleased to Present Exclusively For Sale the Iowa City Market Place, a 244,182 SF Power Center Located Just 2-Miles From the University of Iowa and University of Iowa Hospital. This Deal Includes the Main Shopping Center, an Outparcel Strip Center, and a Free-Standing McDonald?s and Drive-Thru Bank on Over 22 Acres. Anchored By the First Ollies in the State of Iowa.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Retail Retail General Retail Fast Food General Retail Storefront General Retail Department Store Retail
• Building Size    244,182
• Building Class    B
• Year Built    1988
• Price    17,789,762
• Price Per SF    73
• Cap Rate    10
• NOI    1,778,976
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.25
• Land Acres    22.00 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Enclosed Mall