5320 Corporate Park Dr - Auto Dealership FOR SALE


Davenport, IA 52807
$6,000,000 USD
770-800-3035
5320 Corporate Park Dr, Davenport, IA for Sale
$6,000,000 USD
Auto Dealership - FOR SALE
1/5
null | 7% Cap Rate

5320 Corporate Park Dr
Davenport, IA 52807


HIGHLIGHTS

  • Boasts an extremely strong Rent-to-EBITDAR coverage ratio that comfortably exceeds institutional benchmarks.
  • 20-year Absolute Triple Net (NNN) Lease in place with top-performing multi-location Harley-Davidson dealer with zero landlord responsibilities.
  • 7.00% CAP Rate with 10% rent increases every 5 years, providing a strong hedge against inflation.
  • Lease guaranteed by an award-winning multi-unit operator with deep experience in dealership and auto service operations.
  • Strategically positioned immediately south of Interstate 80 in Davenport, the largest of the Quad Cities and a key Midwest freight.
  • Harley-Davidson remains one of the most recognizable and enduring retail brands in America.

OVERVIEW

We are pleased to exclusively offer for sale the 19,611 SF Harley-Davidson dealership located at 5320 Corporate Park Drive in Davenport, IA. This investment is secured by a brand-new 20-year Absolute Triple Net (NNN) Lease, providing passive, management-free income. The asset offers a strong 7.00% CAP rate with 10% rent increases every 5 years, ensuring steady income growth and long-term stability with a nationally recognized tenant. In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harley-Davidson - Davenport -Real Estate Only

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

-

APN/PARCEL ID

Y0821-02

ASK ABOUT THIS PROPERTY

Luke WakefieldSands Investment Group Atlanta, LLCMore Info
770-800-3035

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Luke WakefieldSands Investment Group Atlanta, LLCMore Info
770-800-3035

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