Mattress Firm & Mission BBQ 2815 E 53rd St
7,600 SF 100% Leased Retail Building Davenport, IA 52807 $3,785,000 ($498/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased to Mission BBQ and Mattress Firm, 10-Year Corporate Leases
- Mattress Firm Pending Acquisition by Tempur Sealy (NYSE: TPX); Estimated at 2,800+ Locations and $4.13 Billion in Revenue
- Serving Over 383,600 Residents in a 17-County Bi-State Region of the Quad Cities
- 10% Rental Increases Every 5 Years Throughout the Base Term and Options
- New High-Quality Construction, Minimal Landlord Responsibilities
- Strong Average Household Incomes in Excess of $127,000 within 1-Mile
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,600 SF
Building Class
B
Year Built
2022
Price
$3,785,000
Price Per SF
$498
Cap Rate
7%
NOI
$264,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.25 AC
Zoning
C-3 - Commercial
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
Parcel Number | N0712A05 | Improvements Assessment | $1,532,790 |
Land Assessment | $762,300 | Total Assessment | $2,295,090 |