Outlot Position Available for Sale
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OUTLOT POSITION AVAILABLE FOR SALE 1471 CORAL RIDGE AVE CORALVILLE, IA 52241 SVN | CREATE COMMERCIAL REAL ESTATE ADVISORS | 5550 WILD ROSE LANE, SUITE 400, WEST DES MOINES, IOWA 50266 SALE PROPOSAL Property Summary OFFERING SUMMARY PROPERTY OVERVIEW Sale Price: $20.00 / SF A unique retail destination in the Iowa City market featuring a regulation- size ice rink and antique carousel, Coral Ridge Mall is the most popular shopping mall in the area. Lot Size: 1 - 2 Acres This super-regional shopping mall is located just south of Interstate 80 in Coralville, Iowa. The mall's primary trade area includes Iowa Zoning: Commercial City, Cedar Rapids, and other parts of eastern Iowa. PROPERTY HIGHLIGHTS Market: Iowa City • Visible from Interstate I-80, located directly off of exit 240 • Traffic count of 30,000 VPD on Coral Ridge Avenue Traffic Count: 30,000 • The site is surrounded by a population of 93,285 with an income of $81,474 within a 5 mile radius Best Use: Medical, Hotel, Senior • 10 minute drive from University of Iowa Living, Restaurant, Entertainment CORAL RIDGE MALL OUTLOT | 1471 CORAL RIDGE AVE, CORALVILLE, IA 52241 SVN | CREATE Commercial Real Estate Advisors | Page 2 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Local Amenities CORAL RIDGE MALL OUTLOT | 1471 CORAL RIDGE AVE, CORALVILLE, IA 52241 SVN | CREATE Commercial Real Estate Advisors | Page 3 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Location Maps CORAL RIDGE MALL OUTLOT | 1471 CORAL RIDGE AVE, CORALVILLE, IA 52241 SVN | CREATE Commercial Real Estate Advisors | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 6,191 28,199 65,559 Median age 29.8 31.2 29.3 Median age (Male) 31.2 31.7 29.2 Median age (Female) 28.7 30.9 29.5 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 2,731 11,630 26,026 # of persons per HH 2.3 2.4 2.5 Average HH income $55,928 $68,162 $70,558 Average house value $186,921 $216,520 $223,710 * Demographic data derived from 2010 US Census CORAL RIDGE MALL OUTLOT | 1471 CORAL RIDGE AVE, CORALVILLE, IA 52241 SVN | CREATE Commercial Real Estate Advisors | Page 5 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Location Overview CORALVILLE, IOWA The City of Coralville is located in Johnson County, Iowa, in the east central part of Iowa, just 75 miles west of the Mississippi River. The east corporate line of Coralville is the west corporate line of Iowa City. Coralville and its neighboring communities offer a wide variety of activities, from Hawkeye sports to area museums and attractions, community celebrations, family-friendly activities, trails, and endless entertainment options. The close physical relationship between Coralville and Iowa City has been strengthened over the years by the presence of the University of Iowa. Founded in 1855, the University is the oldest and largest public educational institution in the State. Recent enrollment approximates 29,000 students. The University and The University of Iowa Hospitals and Clinics provide employment for more than 24,000 people in the metropolitan area. By the 1990s, Highway 6, known as "the strip," was ready for a makeover, complete with decorative street lighting and plantings. A city center was developed around the city campus and former post office. In 1996, work began on Coral Ridge Mall, the state’s second-largest indoor shopping center, at the intersection of Interstate 80 and Highways 6 and 965. As of the 2010 Census, Coralville’s population reached 18,907; Coralville is one of the top 50 fastest growing cities in Iowa. CORAL RIDGE MALL OUTLOT | 1471 CORAL RIDGE AVE, CORALVILLE, IA 52241 SVN | CREATE Commercial Real Estate Advisors | Page 6 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Advisor Bio & Contact 1 HEATH D. BULLOCK, CCIM, SIOR PROFESSIONAL BACKGROUND Managing Director Heath is approaching his twentieth year in the Commercial Real Estate Industry with experience in all disciplines including retail, office and industrial product. After over fourteen years with CBRE’s local affiliate Heath was selected as JLL’s Iowa Markets Leader to develop a brokerage team located in Des Moines. In 2017, Heath ventured out to open his own commercial real estate firm. Heath is actively involved in consulting, development and transactional work throughout the state of Iowa. Heath brings an extensive knowledge base and numerous client relationships from his experience with corporate real estate, large firm platforms, SIOR Network and the local business community. Past achievements include over thirty production awards and acknowledgements from past brokerage relationships and the Greater Des Moines real estate and business community. Most recently Heath and his team joined the SVN brand joining forces with over 200 offices in 500 markets. 5550 Wild Rose Lane EDUCATION Suite 400 West Des Moines, Iowa 50266 University of Northern Iowa - B.A. Finance / Real Estate T 515.554.7412 Appraisal, Investments, Real Estate Law & Principals of Real Estate C 515.554.7412 CCIM - Certified Commercial Investment Member Courses and Designation [email protected] MEMBERSHIPS & AFFILIATIONS CCIM (Certified Commercial Investment Member) course instruction and certification SIOR (Society of Industrial and Office REALTOR) educational sessions attended annually NAR (National Association of REALTORS) IAR (Iowa Association of REALTORS) ICREA (Iowa Commercial Real Estate Association) Past Iowa/Nebraska SIOR Chapter President CORAL RIDGE MALL OUTLOT | 1471 CORAL RIDGE AVE, CORALVILLE, IA 52241 SVN | CREATE Commercial Real Estate Advisors | Page 7 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Advisor Bio & Contact 2 NORA WALSH PROFESSIONAL BACKGROUND Associate Advisor Nora moved from the suburbs of Chicago to attend the business school at Drake University and graduated in the Spring of 2016 with an Integrated Marketing Communications and Direct & Interactive Marketing major and Information Systems minor. Her family background in Commercial Real Estate in the Des Moines and Chicagoland areas spiked her interest in the industry at a young age and gave her the enthusiasm for real estate that she has today. After working actively for two years in residential property management, Nora fell in love with Iowa and decided to make the transition to become an active Iowa REALTOR® and ICREA member. She joined the CREC IOWA team in 2018 and hopes to bring a strategic, yet personable approach to the commercial buying and selling process. MEMBERSHIPS & AFFILIATIONS 5550 Wild Rose Lane Suite 400 Iowa Commercial Real Estate Association Member West Des Moines, Iowa 50266 Commercial Real Estate Women of Iowa T 847.431.6672 C 847.431.6672 [email protected] CORAL RIDGE MALL OUTLOT | 1471 CORAL RIDGE AVE, CORALVILLE, IA 52241 SVN | CREATE Commercial Real Estate Advisors | Page 8 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. JC Penney Additional Site Broker List Shopping Center Address Broker Name Phone Number Email Address License Number 3450 Wrightsboro Rd Augusta Mall Damien Lanclos 706.945.6652 [email protected] #339483 Augusta, GA 30909 1471 Coral Ridge Ave Coral Ridge Mall Heath Bullock 515.554.7412 [email protected] #B38797000 Coralville, IA 52241 4 Fox Valley Center Fox Valley Shopping Center John McDermott 312.626.3030 [email protected] #01027603 Aurora, Il 60504 3340 Mall Loop Drive Louis Joliet Mall John McDermott 312.626.3030 [email protected] #01027603 Joliet, IL 60431 122 Hawthorn Center Hawthorn Mall John McDermott 312.626.3030 [email protected] #01027603 Vernon Hills, IL 60061 2950 E Texas St Pierre Bossier Mall Justin Langlois 225.367.1515 x104 [email protected] #99562430 Bossier City, LA 71111 197 Westbank Expressway Oakwood Shopping Mall Justin Langlois 225.367.1515 x104 [email protected] #99562430 Gretna, LA 70053 3225 28th Street SE Woodland Mall Kevin Lipke 616.293.5987 [email protected] #6502324464 Grand Rapids, MI 49512 3202 Oak View Drive Oakview Mall Dan Dutton 402.677.1247 [email protected] #20030305 Omaha, NE 68144 4300 Meadows Lane Meadows Mall Nolan Julseth-White 518.859.9337 [email protected] #S0182625 Las Vegas, NV 89107 140 Marsh Ave Staten Island Mall Gabriel Silverstein 212.498.7000 [email protected] #10491207058 Staten Island, NY 10314 7925 Farm To Market Willowbrook Mall 1960 RD W Mike Briseno 817.640.9964 [email protected] #689201 Houston, Tx 77070 2401 S Stemmons FWY Music City Mall STE 4000 Mike Briseno 817.640.9964 [email protected] #689201 Lewisville, TX 75067.