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
Storefront
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

ALDI
WW
Mission BBQ
Portillo's
Old National Bank
Huhot Mongolian Grill
Capriotti's
Maid-Rite
Starbucks
Noodles & Company

PROPERTY TAXES

  • Listing ID: 33742382

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: 2815 E 53rd St, Davenport, IA 52807