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Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Plaza West at 3351 E Agency Street in Burlington, Iowa is a 35,650 SF neighborhood shopping center on 9.47 acres, offered with an included 1.39-acre outparcel. Built in 1989, the 11-suite center is 49% leased to five tenants: Rent-A-Center, Lin Family Buffett, Advance America, Mailboxes & Parcel Depot, and Zen Nails Bar Spa, all on NNN leases with tenants paying taxes, insurance, and CAM plus admin fees. Occupied space generates $212,318 in base rent and $100,826 in recoveries, supporting pro forma 2027 NOI of $116,988. The value-add thesis centers on leasing 18,027 SF of vacancy across six suites, including 6,000 SF and 4,000 SF spaces, and managing near-term rollover led by Rent-A-Center's November 2026 expiration and five-year renewal option. The center is shadow-anchored by Hobby Lobby, with Ollie's Bargain Outlet and Tractor Supply nearby, and sits near N Roosevelt (16,000+ VPD) and US Highway 34 (12,500+ VPD) in a retail corridor that includes Walmart, Lowe's, Kohl's, and Menards.
Due Diligence
Location
Plaza West sits on E Agency Street in Burlington, Iowa, near N Roosevelt (16,000+ VPD) and US Highway 34 (12,500+ VPD). Hobby Lobby adjoins the site, and the surrounding corridor includes Walmart, Lowe's, Kohl's, Menards, and Ollie's, with Southeast Iowa Regional Medical Center to the west. That retail concentration drives regional shopper traffic past the center's inline suites.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
