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Mattress Firm & Mission BBQ 2815 E 53rd St

7,600 SF 100% Leased Retail Building Davenport, IA 52807 £2,902,815 (£382/SF) 7.25% Net Initial Yield

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
£2,902,815
Price Per SF
£382
Net Initial Yield
7.25%
NOI
£210,593
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.14
Lot Size
1.25 AC
Zoning
C-3 - Commercial

AMENITIES

  • Signage

LINKS

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NEARBY MAJOR RETAILERS

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

PROPERTY TAXES

Parcel Number N0712A05 Improvements Assessment £1,219,015
Land Assessment £606,251 Total Assessment £1,825,266

PROPERTY TAXES

Parcel Number
N0712A05
Land Assessment
£606,251
Improvements Assessment
£1,219,015
Total Assessment
£1,825,266
(858) 373-3174

CONTACTS

  • Listing ID: 33742382

  • Date on Market: 04/11/2024

  • Last Updated:

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

The North Side Retail Property at 2815 E 53rd St, Davenport, IA 52807 is currently available. Contact Marcus & Millichap for more information.

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Mattress Firm & Mission BBQ | 2815 E 53rd St
(858) 373-3174 x

Mattress Firm & Mission BBQ | 2815 E 53rd St

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Phil Sambazis

(858) 373-3174

(858) 373-3174

Brandon Hanks

(760) 822-1778

(760) 822-1778

Jon Ruzicka

(952) 852-9767

(952) 852-9767

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