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Dry Good

Guitar Center - New Six Year Extension

3860 Elmore Avenue, Davenport, IA 52807

Listing Price: $1,795,000

Cap Rate
6.74%
Tenant Name
Guitar Center
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
11,000
Lease Type
Double Net
Rent Per Square Feet
$11.00

Investment Overview

OVER 133,000 RESIDENTS WITHIN FIVE MILES AVERAGE HOUSEHOLD INCOME OF $81,050 WITHIN FIVE MILES

Investment Highlights

  • NEW SIX YEAR LEASE EXTENSION
  • LEASED AT THIS LOCATION SINCE 2006 (16 YEARS)
  • ONE –FIVE YEAR OPTION (WITH INCREASE)
  • LANDLORD PAID $55,000 IN TENANT IMPROVEMENTS TO BE USED ON GUITAR CENTER PREMISES
  • EXTREMELY DENSE RETAIL MARKET LOCATED RIGHT OFF INTERSTATE 74
  • DOUBLE-NET (LANDLORD RESPONSIBLE FOR ROOF & STRUCTURE)

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Dry Good

Guitar Center - New Six Year Extension

Listing Price: $1,795,000

Cap Rate
6.74%
Tenant Name
Guitar Center
Years Remaining On Lease
5.6
Guarantor
Corporate Guarantee
Rentable SF
11,000
Lease Type
Double Net
Rent Per Square Feet
$11.00

Investment Highlights

  • NEW SIX YEAR LEASE EXTENSION
  • LEASED AT THIS LOCATION SINCE 2006 (16 YEARS)
  • ONE –FIVE YEAR OPTION (WITH INCREASE)
  • LANDLORD PAID $55,000 IN TENANT IMPROVEMENTS TO BE USED ON GUITAR CENTER PREMISES
  • EXTREMELY DENSE RETAIL MARKET LOCATED RIGHT OFF INTERSTATE 74
  • DOUBLE-NET (LANDLORD RESPONSIBLE FOR ROOF & STRUCTURE)

Investment Overview

OVER 133,000 RESIDENTS WITHIN FIVE MILES AVERAGE HOUSEHOLD INCOME OF $81,050 WITHIN FIVE MILES

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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