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Single-Tenant Industrial

GardaWorld - 10-Year Lease Extension

17040 215th St, Davenport, IA 52806

Listing Price: $1,168,000

Cap Rate
7.00%
Gross SF
6,000
Price/Gross SF
$194.67
Lot Size
0.85 acres
Year Built
1974
Rentable SF
6,000

Investment Overview

--High Credit Tenant--

- Strong Corporate Guarantee: Backed By a Tenant with Over $6 Billion In Annual Revenue

- Market Leadership: GardaWorld Is One of The World’s Largest Privately Owned Integrated Security and Risk Companies, Providing a Secure Investment

- E-Commerce & Recession-Resilient: GardaWorld’s Business Model Is Well-Suited to Thrive in Various Economic Conditions


--Strong Real Estate Fundamentals--

- Highly Desirable 10-Year Lease: GardaWorld Has Recently Secured A Rare And Highly Sought-After 10-Year Lease At This Prime Location

- Long-Term Occupancy: GardaWorld Has Successfully Operated at This Location for Nearly 20 Years

- Investor-Friendly: This NN Industrial Property Offers Minimal Landlord Responsibilities, Making It Ideal for Out-Of-Market Investors

- Prime Industrial Location: Situated In a Dense Industrial Area Surrounded by National Brands, Including R+L Carriers, Hertz Car Rental, John Deere, TruGreen, Culligan, Ryder, Amazon Fulfillment Center, Kraft-Heinz, Sterilite, Penske, And Quad Cities, Among Others, All In Close Proximity To The Subject Property

Investment Highlights

  • Strong Corporate Guarantee - GardaWorld Is a Highly Respected Industrial Tenant, Generating $6 Billion in Annual Revenue and Operating Nearly 200 Locations Across the U.S. and Canada
  • 10-Year Lease Extension – An Extremely Rare 10-Year Lease Extension at This Site, Demonstrating the Tenant's Strong Commitment to the Location
  • New Roof Recently Installed – Highlighting Further Dedication to Supporting the Tenant's Presence at This Location
  • Located Just Four Miles from Downtown Davenport, IA with a Population of 100,000+

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Single-Tenant Industrial

GardaWorld - 10-Year Lease Extension

Listing Price: $1,168,000

Cap Rate
7.00%
Gross SF
6,000
Price/Gross SF
$194.67
Lot Size
0.85 acres
Year Built
1974
Rentable SF
6,000

Investment Highlights

  • Strong Corporate Guarantee - GardaWorld Is a Highly Respected Industrial Tenant, Generating $6 Billion in Annual Revenue and Operating Nearly 200 Locations Across the U.S. and Canada
  • 10-Year Lease Extension – An Extremely Rare 10-Year Lease Extension at This Site, Demonstrating the Tenant's Strong Commitment to the Location
  • New Roof Recently Installed – Highlighting Further Dedication to Supporting the Tenant's Presence at This Location
  • Located Just Four Miles from Downtown Davenport, IA with a Population of 100,000+

Investment Overview

--High Credit Tenant-- - Strong Corporate Guarantee: Backed By a Tenant with Over $6 Billion In Annual Revenue - Market Leadership: GardaWorld Is One of The World’s Largest Privately Owned Integrated Security and Risk Companies, Providing a Secure Investment - E-Commerce & Recession-Resilient: GardaWorld’s Business Model Is Well-Suited to Thrive in Various Economic Conditions --Strong Real Estate Fundamentals-- - Highly Desirable 10-Year Lease: GardaWorld Has Recently Secured A Rare And Highly Sought-After 10-Year Lease At This Prime Location - Long-Term Occupancy: GardaWorld Has Successfully Operated at This Location for Nearly 20 Years - Investor-Friendly: This NN Industrial Property Offers Minimal Landlord Responsibilities, Making It Ideal for Out-Of-Market Investors - Prime Industrial Location: Situated In a Dense Industrial Area Surrounded by National Brands, Including R+L Carriers, Hertz Car Rental, John Deere, TruGreen, Culligan, Ryder, Amazon Fulfillment Center, Kraft-Heinz, Sterilite, Penske, And Quad Cities, Among Others, All In Close Proximity To The Subject Property

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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