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NNN Retail Property at Signalized Corner
For Sale
Contact for pricing
Pending

721 W Broadway, Council Bluffs, IA 51501

Long-term leases, corporate guarantees, and substantial facade and interior improvements define this multi-tenant retail property.

Property SizeContact for details
Days on Market143

Property Features for 721 W Broadway

General Information

Standard status Pending
Property subtype Retail

Additional Details

Cap Rate 6%
Corner Location Yes

Building Details

Tenancy Multi
Listing Agency: Israel Tabi
Listed By: Israel Tabi · License #​CALBRE#02019396
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 3:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Israel Tabi

Investment Insights

Based on property information with market context.

This NNN retail property is leased to multiple occupants under long-term agreements averaging 10 years. The leases include corporate guarantees, and the property has received meaningful capital improvements, including updated building facades and a complete remodel of the Family Dollar and Dollar Tree space. A 6% cap rate is also reported.

The property is located at 721 W Broadway in Council Bluffs, Iowa, on a hard signalized corner. Nearby national retailers include Taco Bell, Starbucks, and Subway, providing established commercial context along the surrounding retail corridor.

Key Highlights

  • NNN leases average 10 years
  • Corporate guarantees support the leases
  • 6% cap rate

Property Analytics

Current Use

Westlake Ace Hardware Building Supply

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Repair Shop HVAC Service Parking Lot & Garage Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,682
Businesses Nearby
81k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 40% Groceries 36% Shops & Services 23% Electronics 1%
Super Saver Groceries
29,164 visits/mo 0.4 miles
Taco John's Dining
10,874 visits/mo 0.2 miles
Taco Bell Dining
9,819 visits/mo 0.2 miles
Dollar Tree Shops & Services
8,705 visits/mo 0.4 miles
Phillips 66 Shops & Services
8,104 visits/mo 0.0 miles

Demographics for 51501, IA

34,906
Population
15,217
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
86%
High-School Grad
23.9 sq mi
ZIP Area
1,461
Density / Sq Mi
$59,314
Median Household Income
$40,229
Median Earnings
$997
Median Rent
$140,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Long-term leases, corporate guarantees, and substantial facade and interior improvements define this multi-tenant retail property.
Where is this nnn property located?
The property is located at 721 W Broadway Council Bluffs, IA.
What are key features of this property?
This property features: NNN leases average 10 years; Corporate guarantees support the leases; 6% cap rate
More about this property
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