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5320 Corporate Park Dr
Davenport, IA 52807
Harley-Davidson - Davenport -Real Estate Only · Retail Property For Sale
Investment Highlights
- Boasts an extremely strong Rent-to-EBITDAR coverage ratio that comfortably exceeds institutional benchmarks.
- 7.00% CAP Rate with 10% rent increases every 5 years, providing a strong hedge against inflation.
- Strategically positioned immediately south of Interstate 80 in Davenport, the largest of the Quad Cities and a key Midwest freight.
- 20-year Absolute Triple Net (NNN) Lease in place with top-performing multi-location Harley-Davidson dealer with zero landlord responsibilities.
- Lease guaranteed by an award-winning multi-unit operator with deep experience in dealership and auto service operations.
- Harley-Davidson remains one of the most recognizable and enduring retail brands in America.
Executive Summary
We are pleased to exclusively offer for sale the 19,611 SF Harley-Davidson dealership located at 5320 Corporate Park Drive in Davenport, IA. This investment is secured by a brand-new 20-year Absolute Triple Net (NNN) Lease, providing passive, management-free income. The asset offers a strong 7.00% CAP rate with 10% rent increases every 5 years, ensuring steady income growth and long-term stability with a nationally recognized tenant.
In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
19,611 SF
Building Class
B
Year Built/Renovated
1999/2025
Price
$8,301,300 CAD
Price Per SF
$423.30 CAD
Cap Rate
7%
NOI
$581,091 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.28
Lot Size
1.62 AC
Parking
40 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
210’ on Corporate Park Dr
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | Y0821-02 | Improvements Assessment | $3,298,093 CAD |
| Land Assessment | $583,996 CAD | Total Assessment | $3,882,089 CAD |
Property Taxes
Parcel Number
Y0821-02
Land Assessment
$583,996 CAD
Improvements Assessment
$3,298,093 CAD
Total Assessment
$3,882,089 CAD
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