LEASE DETAILS
TENANT: AMERICAN TRAILER & STORAGE INC
LEASE EXPIRATION: APRIL 30, 2030
RENT: $57,600 ANNUALLY
LL LIABILITY: REAL ESTATE TAXES AND INSURANCE
PROJECTED NOI: $52,000
This 2.75-acre industrial outdoor storage site in Davenport, Iowa presents an exceptional opportunity for investors seeking a well-located, income-producing asset in the Quad Cities region. Located just north of US 61 and near W. River Drive, the property offers swift access to Interstate 280 and the broader regional transportation network. The site has undergone significant updates, including complete clearing of former structures and is finished with 0.8 acres of concrete surface plus asphalt millings across the remaining yard, creating a functional foundation for heavy industrial and logistics applications.
The property is currently leased to American Trailer & Storage Inc., a recognized leader in portable storage solutions across the Midwest, providing stable income. The lease runs through April 2030, generating $57,600 annually with an impressive projected NOI of $52,000 and an attractive offering price of $650,000 (8% CAP rate). Electrical hookups are available on site for enhanced utility access. This asset combines reliable tenancy, infrastructure readiness, and strategic positioning, making it a sound investment in a critical industrial corridor supported by strong regional connectivity.