1919 N Harrison St - Restaurant FOR SALE


Davenport, IA 52803- Near North Side
$1,250,000 USD
515-440-0400
1919 N Harrison St, Davenport, IA for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/4
null | 7.2% Cap Rate

1919 N Harrison St
Davenport, IA 52803
Near North Side


HIGHLIGHTS

  • Absolute net lease with corporate Village Inn tenant
  • Lease term secured through October 2030
  • Located next to St. Ambrose University
  • Positioned on Harrison Street, a major metro corridor
  • Surrounded by national retailers and schools
  • Strong rent-to-sales ratio and stable NOI

OVERVIEW

Positioned along Harrison Street, a key arterial route in Davenport, Iowa, the Village Inn at 1919 Harrison Street presents a compelling net-leased investment opportunity. This corporate-backed location sits adjacent to St. Ambrose University, benefiting from consistent foot traffic and strong visibility in a vibrant mixed-use corridor. The tenant has recently exercised a renewal option, extending the lease through October 2030, which underscores their long-term commitment to the site. The property spans 5,439 square feet on a 0.76-acre parcel and is offered at $1,250,000, delivering a 7.2% cap rate and $90,000 in annual net operating income. With an absolute net lease in place, investors can expect minimal landlord responsibilities and stable cash flow. The surrounding area includes national retailers such as ALDI, Dollar Tree, and KFC, as well as educational institutions like Madison Elementary and St. Ambrose University, reinforcing the location’s appeal for both daytime and weekend traffic. Demographic data within a one-mile radius reveals a population of nearly 18,000 with an average household income of $74,778, supporting strong retail performance. The property’s proximity to major thoroughfares like BUS 61 and its integration into a dense urban fabric make it a strategic addition to any retail investment portfolio.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Village Inn

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,302 SF

ZONING

-

APN/PARCEL ID

B0058-06

ASK ABOUT THIS PROPERTY

Mitch PhillipsFerguson Commercial Real Estate ServicesMore Info
515-440-0400

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Mitch PhillipsFerguson Commercial Real Estate ServicesMore Info
515-440-0400

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