GardaWorld (10-Year Lease Extension) – Davenport, IA
17040 215th Street, Davenport, IA 52806
Property Description
Price: $1,168,000
Price Per/SF: $194.67
Land Area: ±37,200 SF
Cap Rate: 7.00%
Gross Leasable Area: ±6,000 Square Feet
Year Built: 1974
Investment Highlights
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
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
- Located Just Four Miles from Downtown Davenport, IA with a Population of 100,000+
- 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
- License: B63379000
- 1601 Utica Avenue South, Suite 301
- Minneapolis, MN 55416
- Phone: (952) 852-9700
Contact Information
James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
[email protected]
License: CA 02115272
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643