2815 53Rd St Davenport, IA 52807

This exceptional retail investment property, located at 2815 E 53rd St, Davenport, IA 52807, presents a compelling opportunity for discerning investors. The 7,600 square foot property boasts a 100% occupancy rate, anchored by two prominent national tenants: Mattress Firm and Mission BBQ. Both tenants are operating under a triple-net (NNN) lease structure with a remaining lease term of 10 years, providing significant long-term stability and predictable cash flow. The lease agreement includes a 10% rent increase every five years, ensuring consistent growth in rental income. Built in 2022, this high-quality construction minimizes landlord responsibilities. The property enjoys a prime location at a signalized intersection with high daily traffic counts (40,600 cars/day), benefiting from easy access to major interstates I-74 and I-80. Its strategic position within a thriving regional retail hub, directly across from a new Costco and surrounded by other major retailers such as Target, Walmart, and numerous others, guarantees high visibility and substantial foot traffic. The property serves a densely populated area with strong average household incomes exceeding $127,000 within a one-mile radius, a large daytime population of over 71,500 employees, and a significant student population. The property's strong demographics, coupled with its strategic location and long-term leases, make it an attractive investment with a 7.00% cap rate and a net operating income (NOI) of $264,800. The asking price is $3,785,000. Proximity to major amenities, including a hospital and casino, further enhances its appeal. This is a rare opportunity to acquire a high-performing, multi-tenant retail property in a rapidly growing market.