Village Shopping Center

902 W Kimberly Road, Davenport, IA, 52806, US

Description

Address: 902 W Kimberly Rd, Davenport, IA

GLA: 233,100 SF

Year Built / Renovated: 1988 / 2016

Parking Spots: 1,243

Occupancy: 91.6%

Number of Buildings: 4

Number of Suites: 35

WALT: 6.2 Years

Weighted Average Tenure: 9.3 Years

Year 1 NOI: +/- $2,061,043

5-Year CAGR: +/- 6.7%

...

Number of units

Occupancy

90.2%

Parking spaces

1,243

Year built

1988

Year renovated

2016

WALT

6.2 years

Tremendous Recent Leasing Velocity
4 tenant openings across 72,708 SF since 2024, representing 33% of leasable GLA
Dominant Anchor Tenant Performance & Strong Credit Quality
#1 most trafficked Ross (Moody’s A2) in Iowa
#3 most trafficked Pet Supplies Plus & Five Below in Iowa
Over 60% of occupied space is national tenancy
Regional Center with Local Draw & Unmatched Visibility
Over 2.1M annual visits and combined VPD of 36k
Stable Cash Flow with Value-Add Opportunity
18,472 SF of leasable vacant space available across 5 suites, offering opportunity to increase rental revenue by +/- 13% through lease-up
Ideal Anchor to Shop Space Ratio
68% Big Box / Jr Anchor to 32% Small Shop
Located on Retail Corridor Supported by Major Regional & National Retailers
Only 2.1% retail vacancy within 5-mile radius
Potential to Relocate National Retailers from Adjacent Northpark Mall ($290 Sales PSF)