2815 E 53rd St - Storefront FOR SALE
Davenport, IA 52807 |
$3,785,000 USD
858-373-3174
2815 E 53rd St
Davenport, IA 52807
HIGHLIGHTS
- 100% Leased to Mission BBQ and Mattress Firm, 10-Year Corporate Leases
- 10% Rental Increases Every 5 Years Throughout the Base Term and Options
- Mattress Firm Pending Acquisition by Tempur Sealy (NYSE: TPX); Estimated at 2,800+ Locations and $4.13 Billion in Revenue
- New High-Quality Construction, Minimal Landlord Responsibilities
- Serving Over 383,600 Residents in a 17-County Bi-State Region of the Quad Cities
- Strong Average Household Incomes in Excess of $127,000 within 1-Mile
FOR SALE DETAILS
PRICE
$3,785,000 USD
PRICE/SF
$533 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mattress Firm & Mission BBQ
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.25 AC
LAND SF
54,450 SF
ZONING
C-3
APN/PARCEL ID
N0712A05
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858-373-3174
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858-373-3174
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