Shopping Strip
Mattress Firm & Mission BBQ | 10-Yr. Corporate Leases
2815-2819 E 53rd Street, Davenport (Quad Cities MSA), IA 52807
Listing Price: $3,785,000
Cap Rate
7.00%
Gross SF
7,600
Rentable SF
7,600
Price/Gross SF
$498.03
Lot Size
1.25 acres
Year Built
2022
Investment Overview
Marcus & Millchap is pleased to present the Mattress Firm & Mission BBQ in Davenport, IA.
Mattress Firm & Mission BBQ | 10-Yr. Corporate Leases
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/Day
Broker of Record
Financing By
Shopping Strip
Mattress Firm & Mission BBQ | 10-Yr. Corporate Leases
Listing Price: $3,785,000
Cap Rate
7.00%
Gross SF
7,600
Rentable SF
7,600
Price/Gross SF
$498.03
Lot Size
1.25 acres
Year Built
2022
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/Day
Investment Overview
Marcus & Millchap is pleased to present the Mattress Firm & Mission BBQ in Davenport, IA.
Broker of Record
Financing By
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