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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 $1,225,890 CAD ($123.83 CAD/SF) 6.37% 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 $895,000, the property provides investors an opportunity to acquire a national credit tenant at an attractive, accessible basis.
Executive Summary
******** Also available with Brinks at 6200 West Plank Rd Peoria, IL at $1,395,000 with a 6.32% cap rate. ******* See Below for link.
Property Facts
| Price | $1,225,890 CAD | Building Class | B |
| Price Per SF | $123.83 CAD | Rentable Building Area | 9,900 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.37% | Year Built | 2000 |
| Property Type | Industrial |
| Price | $1,225,890 CAD |
| Price Per SF | $123.83 CAD |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| Property Type | Industrial |
| Building Class | B |
| 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 | $466,455 CAD |
| Land Assessment | $49,310 CAD | Total Assessment | $515,764 CAD |
Property Taxes
Parcel Number
K0013-09B
Land Assessment
$49,310 CAD
Improvements Assessment
$466,455 CAD
Total Assessment
$515,764 CAD
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1704 W 2ND ST, DAVENPORT, IA 52802 | 1704 W 2nd St
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