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1704 W 2ND ST, DAVENPORT, IA 52802 1704 W 2nd St 9,900 SF 100% Leased Industrial Building Davenport, IA 52802 $1,179,426 CAD ($119.13 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Brink’s Inc. has operated at this location since 1996, reflecting nearly three decades of consistent performance.
- The lease is structured on an absolute net basis, with Brink’s responsible for all real estate expenses, including property taxes, insurance, etc.
- The offering is particularly well-suited for private investors and 1031 exchange buyers seeking a stable, long-term investment.
- The tenant recently executed a new 5-year lease extension, ensuring income stability and reaffirming their commitment to the site.
- Offered at $845,000, the property provides investors an opportunity to acquire a national credit tenant at an attractive, accessible basis.
- ****Also available with Brinks at 6200 West Plank Rd Peoria, IL offered at $1,307,000 - 6.75% cap rate****
Executive Summary
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
| Price | $1,179,426 CAD | Building Class | B |
| Price Per SF | $119.13 CAD | Lot Size | 0.42 AC |
| Sale Type | Investment | Rentable Building Area | 9,900 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2000 |
| Price | $1,179,426 CAD |
| Price Per SF | $119.13 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 0.42 AC |
| Rentable Building Area | 9,900 SF |
| No. Stories | 1 |
| Year Built | 2000 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | K0013-09B | Improvements Assessment | $473,092 CAD |
| Land Assessment | $50,011 CAD | Total Assessment | $523,103 CAD |
Property Taxes
Parcel Number
K0013-09B
Land Assessment
$50,011 CAD
Improvements Assessment
$473,092 CAD
Total Assessment
$523,103 CAD
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1704 W 2ND ST, DAVENPORT, IA 52802 | 1704 W 2nd St
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