Marcus & Millichap is pleased to offer this single-tenant net leased investment property located in Davenport, Iowa. This is a new 10 year, triple net-lease with 10 percent rent increases every five years. Built in 1995, this all brick building is approximately 6,727 square feet and is situated on 1.11 acres. Beacon of Hope Hospice provides services to patients in their homes, nursing homes, or assisted living facilities. They are located in five different states with a total of seven offices.
Davenport is the largest of the Quad Cities, a metropolitan area with a population estimate of 382,630. Davenport is also the third largest city in Iowa with a population of 99,685. Less than a mile down the street from the site is North Park Mall, a one million plus-square foot, 160-store mall.
Located approximately halfway between Chicago and Des Moines, Davenport is on the border of Iowa and Illinois. It is located in the extreme southeast corner of Iowa where the Des Moines River meets with the Mississippi. Just across the rivers are the towns of Hamilton and Warsaw, Illinois, and Alexandria, Missouri.
