Clive Junction

Clive Junction
16035 Hickman Rd
Clive, IA 50263

Clive Junction

LOCATION

Clive Junction
16035 Hickman Rd
Clive, IA 50263

SUMMARY

Property Purchase Date:

August 18, 2024

Project Type:

Retail and Medical Office Development

Fund:

BIG LEGACY FUND I

Year:

2024

Total Capitalization

$5,810,000

BIG Equity:

$1,833,000

Total Equity:

$2,033,000

Lease Term:

10 Years NN

Tenants:

Starbucks, MercyOne, Heartland Dental

INVESTMENT STRATEGY

Pursue retail and medical office development at the direction of MercyOne and Starbucks. This is an expansion store for Starbucks as their current location cannot handle the volume of customers. MercyOne is expanding their urgent care and outpatient operations in the market.
 The demographics and traffic counts at this location are well above BIG’s investment criteria and support a long-term hold investment strategy.

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