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CVS Pharmacy 1655 W Kimberly Rd

17,200 SF Retail Building Davenport, IA 52806 $3,831,440 ($223/SF) 5% Cap Rate

Investment Highlights

  • Long Term 16.75 Year Lease backed by CVS Health Corp
  • CVS is Ranked #11 on Fortune 500 List with Over $300 Billion in Revenue
  • Strong Residential Infill Demos: Population Exceeds 129,128+ in 5 Miles
  • Investment Credit Guarantee Rated | S&P "BBB+"
  • Drive Thru Equipped Site Located at Main on Main Signalized Intersection
  • Close Proximity to Genesis Medical Center (550 Bed RegionalHospital) & Select Medical Hospital (50 Bed Acute Care facility)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,200 SF
Building Class
B
Year Built
1988
Price
$3,831,440
Price Per SF
$223
Cap Rate
5%
NOI
$191,572
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.61 AC
Zoning
Commercial

Nearby Major Retailers

U.S. Bank
Maid-Rite
Rent-A-Center
Starbucks
Hy-Vee
Checkers
Freddy's Frozen Custard & Steakburgers
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M1511-03B
Land Assessment
$717,380
Improvements Assessment
$1,874,620
Total Assessment
$2,592,000
  • Listing ID: 31194820

  • Date on Market: 3/12/2024

  • Last Updated:

  • Address: 1655 W Kimberly Rd, Davenport, IA 52806

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