Case Study
This Bedrock Investments Group’s (BIG) acquisition served as the “up-leg” of a 1031 exchange for the proceeds from Goodyear Tire and Rubber location in Cape Coral Florida. The 3,500 square foot freestanding facility was built in 2016 and is leased to Aspen Dental under the terms of a 10-year agreement. The site is strategically located directly across the street from the Marshalltown Mall and Walmart Supercenter on Highway 14 (S Center St), which is the main retail corridor through Marshalltown. Nearby tenants include: Burger King, Subway, Aldi, Advance Auto Parts, Wells Fargo, UPS, Hobby Lobby, JC Penney, Arby’s, Papa Murphy’s, Goodwill, Kay Jewelers, Domino’s, AT&T and Walmart Supercenter. The site has excellent demographics with a population of over 29,165 residents with an average household income of $65,963 within a 5-mile radius of the facility.
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