Mattress Firm & Mission BBQ
Multi-Tenant Offerings
Mattress Firm & Mission BBQ
2815-2819 E 53rd Street
Davenport (Quad Cities MSA), IA
- Price:
- $3,785,000
- Cap Rate:
- 7.00%
- NOI:
- $264,800
- Rentable SQFT:
- 7,600 SF
- Year Built:
- 2022
- Lot Size:
- 1.25 +/- Acres
- Status:
- Available
Investment Highlights
- 100% Leased to Mission BBQ and Mattress Firm, 10-Year Corporate Leases
- 10% Rental Increases Every 5 Years Throughout the Base Term and Options
- Mattress Firm Pending Acquisition by Tempur Sealy (NYSE: TPX); Estimated at 2,800+ Locations and $4.13 Billion in Revenue
- New High-Quality Construction, Minimal Landlord Responsibilities
- Serving Over 383,600 Residents in a 17-County Bi-State Region of the Quad Cities
- Strong Average Household Incomes in Excess of $127,000 within 1-Mile
- Hard Corner Location at Signalized Intersection with 40,600 Cars/Da
- Easy Access to I-74 with 85,000+ Cars/Day and I-80 with 52,800+ Cars/Day
- Directly Across from Brand New Costco, In the Heart of Regional Retail Hub
- Surrounded by Target, Walmart Supercenter, Sam’s Club, Home Depot, Lowe’s, Hobby Lobby, Dick’s, Best Buy, Kohl’s, HomeGoods, and Many More
- 1.5 Miles to Award-Winning UnityPoint Health - Trinity Bettendorf Hospital
- Strong Daytime Population, Over 71,500 Employees in the Primary Trade Area
- More Than 21,500 Students Enrolled at 16 Colleges in Quad Cities and Over 15,000 Students in the Davenport K-12 School District
- Close Proximity to New $110 Million Rhythm City Casino Resort, Iowa’s First Land-Based Casino
- 10 Miles to Quad City International Airport
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