Shopping Regional
Dave & Buster's & BioLife
5248, 5250, 5266 Elmore Avenue, Davenport, IA 52807
Listing Price: $9,500,000
Investment Overview
Marcus & Millichap is pleased to present this Dave & Busters-anchored retail center in Davenport, Iowa. This center has undergone a complete renovation since 2022 including a new roof. Dave & Buster's lease commenced in January 2026 and runs through January 2041 with Eight percent increases every five years. The adjacent three-units (Plato's Closet, Weight Watchers and Style Encore) are also available for sale - contact agent for the OM. Both centers benefit from over 25,000 vehicles per day on Elmore Ave and over 133,000 residents within five miles.
Dave & Buster's & BioLife
Investment Highlights
- 100 Percent Occupied by Three Tenants with Triple-Net Leases
- Significant Capital Investment to BioLife and Dave & Buster's Units - New Roof, New HVAC Units and Extensive Tenant Build-Outs
- Dave & Busters Occupies 66.97 Percent on a New Fifteen Year Triple Net Lease with Eight Percent Rent Increases Every Five Years
- BioLife Occupies 32.26 Percent on a Triple Net Lease Through March 2033 with a 6.45 Percent Rent Increase in 2028
- Extremely Dense Retail Corridor with Great Visibility from Elmore Avenue (Over 25,000 Vehicles Per Day)
Broker of Record
Financing By
Listing Price: $9,500,000
Investment Highlights
- 100 Percent Occupied by Three Tenants with Triple-Net Leases
- Significant Capital Investment to BioLife and Dave & Buster's Units - New Roof, New HVAC Units and Extensive Tenant Build-Outs
- Dave & Busters Occupies 66.97 Percent on a New Fifteen Year Triple Net Lease with Eight Percent Rent Increases Every Five Years
- BioLife Occupies 32.26 Percent on a Triple Net Lease Through March 2033 with a 6.45 Percent Rent Increase in 2028
- Extremely Dense Retail Corridor with Great Visibility from Elmore Avenue (Over 25,000 Vehicles Per Day)
Investment Overview
Marcus & Millichap is pleased to present this Dave & Busters-anchored retail center in Davenport, Iowa. This center has undergone a complete renovation since 2022 including a new roof. Dave & Buster's lease commenced in January 2026 and runs through January 2041 with Eight percent increases every five years. The adjacent three-units (Plato's Closet, Weight Watchers and Style Encore) are also available for sale - contact agent for the OM. Both centers benefit from over 25,000 vehicles per day on Elmore Ave and over 133,000 residents within five miles.
Broker of Record
Financing By
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