Property Summary
- Property Size: 6,000 SF
- Land Area: 0.90 AC
- Property Type: Warehouse
- Property Status: For Sale
- Lease Type: Double Net (NN)
- Guarantee: Corporate
- CAP Rate: 7.50%
- NOI: $83,793
- Lease Term: 10+ Years
Investment Highlights
TENANT & CREDIT QUALITY | GLOBAL SECURITY LEADER | ESSENTIAL SERVICES
- Leased to GardaWorld Cash Logistics, a global security and cash management provider serving financial institutions, retailers, and government clients across North America.
- Diversified operations across physical security, cash logistics, and risk consulting support stable demand across economic cycles.
- Long-term operating history at this site with corporate tenancy supporting continued occupancy and facility investment.
LEASE & INCOME PROFILE | LONG+TERM NN LEASE | BUILT-IN RENT GROWTH
- Approximately 11.0 years of remaining lease term on a total lease of ±31.1 years, reflecting strong long-term commitment to the location.
- 2.5% annual rent increases provide consistent income growth throughout the remaining term.
- NN lease structure with tenant responsible for maintenance and operating expenses, while landlord covers roof and structure.
PRICING & RETURNS | STRONG CASH FLOW | ATTRACTIVE YIELD
- Offered at $1,155,776 with a 7.25% cap rate, providing attractive yield in a credit-backed industrial net lease.
- New Roof Recently Installed, Highlighting Further Dedication to Supporting the Tenant’s Presence at this Location
- Interior renovations completed in 2025, demonstrating the tenant’s long-term commitment to the property.
Address
Open on Google Maps- Address 17040 215Tth St, Davenport, IA
- State/county Iowa
- Zip/Postal Code 52806
