17040 215th St - Warehouse FOR SALE


Davenport, IA 52806
$1,155,776 USD
714-366-0626
17040 215th St, Davenport, IA for Sale
$1,155,776 USD
Warehouse - FOR SALE
1/9
null | 7.25% Cap Rate

17040 215th St
Davenport, IA 52806


HIGHLIGHTS

  • Strong Corporate Guarantee: Backed By a Tenant with Over $6 Billion In Annual Revenue
  • New Roof Recently Installed, Highlighting Further Dedication to Supporting the Tenant’s Presence at this Location
  • Interior renovations completed in 2025, demonstrating the tenant’s long-term commitment to the property.
  • Approximately 11.0 years of remaining lease term on a total lease of ±31.1 years, reflecting strong long-term commitment to the location.

OVERVIEW

Value REIS is pleased to present the opportunity to acquire a single-tenant industrial facility leased to GardaWorld Cash Logistics at 17040 215th Street in Davenport, Iowa. The property is offered at $1,155,776 reflecting a 7.25% cap rate on current NOI of $83,793. The asset consists of approximately 6,000 SF situated on ±0.90 acres and has undergone meaningful recent upgrades, including a new roof and interior renovations completed in 2025, underscoring the tenant’s long-term commitment to the location. GardaWorld has occupied the site since 2005 and currently has nearly 11 years of remaining term with 2.5% annual rent increases, providing steady, predictable income growth. The lease is structured as double net (NN), with the tenant responsible for operating expenses while the landlord is responsible for roof and structure. GardaWorld is a global leader in security and cash logistics, serving financial institutions, retailers, and government clients throughout North America. The company operates hundreds of locations and generates billions in annual revenue, supporting durable demand for mission-critical facilities like this one. Located within the Quad Cities industrial corridor, the property benefits from immediate connectivity to Interstates 80 and 74, supporting regional logistics, distribution, and service operations throughout the Midwest. This offering provides investors the ability to secure a high-yielding, credit-backed industrial net lease with built-in rent growth, recent capital improvements, and long-term tenant commitment.

FOR SALE DETAILS

PRICE

$1,155,776 USD

PRICE/SF

$193 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86

LAND SF

37,462

ZONING

C2

APN/PARCEL ID

932533311

ASK ABOUT THIS PROPERTY

James AndrewsValue Net Lease PartnersMore Info
714-366-0626

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James AndrewsValue Net Lease PartnersMore Info
714-366-0626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.