17040 215th St 6,000 SF Industrial Building Davenport, IA 52806 $1,581,448 CAD ($263.57 CAD/SF) 7.25% Cap Rate

Value REIS is pleased to present the opportunity to acquire a single-tenant industrial facility leased to GardaWorld Cash Logistics at 17040 215th Street in Davenport, Iowa. The property is offered at $1,155,776 reflecting a 7.25% cap rate on current NOI of $83,793.
The asset consists of approximately 6,000 SF situated on ±0.90 acres and has undergone meaningful recent upgrades, including a new roof and interior renovations completed in 2025, underscoring the tenant’s long-term commitment to the location.
GardaWorld has occupied the site since 2005 and currently has nearly 11 years of remaining term with 2.5% annual rent increases, providing steady, predictable income growth. The lease is structured as double net (NN), with the tenant responsible for operating expenses while the landlord is responsible for roof and structure.
GardaWorld is a global leader in security and cash logistics, serving financial institutions, retailers, and government clients throughout North America. The company operates hundreds of locations and generates billions in annual revenue, supporting durable demand for mission-critical facilities like this one.
Located within the Quad Cities industrial corridor, the property benefits from immediate connectivity to Interstates 80 and 74, supporting regional logistics, distribution, and service operations throughout the Midwest.
This offering provides investors the ability to secure a high-yielding, credit-backed industrial net lease with built-in rent growth, recent capital improvements, and long-term tenant commitment.