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1704 W 2ND ST, DAVENPORT, IA 52802 1704 W 2nd St 9,900 SF 100% Leased Industrial Building Davenport, IA 52802 $845,000 ($85.35/SF) 6.75% Cap Rate
Investment Highlights
- Brink’s Inc. has operated at this location since 1996, reflecting nearly three decades of consistent performance.
- The lease is structured on an absolute net basis, with Brink’s responsible for all real estate expenses, including property taxes, insurance, etc.
- The offering is particularly well-suited for private investors and 1031 exchange buyers seeking a stable, long-term investment.
- The tenant recently executed a new 5-year lease extension, ensuring income stability and reaffirming their commitment to the site.
- Offered at $845,000, the property provides investors an opportunity to acquire a national credit tenant at an attractive, accessible basis.
- ****Also available with Brinks at 6200 West Plank Rd Peoria, IL offered at $1,307,000 - 6.75% cap rate****
Executive Summary
Brandon Perez of Matthews Real Estate Investment Services, Inc
02106051 (CA) & 10401395154 (NY)
600 W Fulton, Ste 100 Chicago, IL 60661
(949) 777-5984
Matthew M. Fitzgerald of Matthews Real Estate Investment Services, Inc
License # 471021676 (IL) & 478027547 (WI)
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Davenport, Iowa, anchors the Quad Cities region and serves as a key economic and residential center along the Mississippi River. As one of Iowa’s largest cities, it combines small-city charm with essential urban conveniences, offering a high quality of life at a lower cost compared to larger metro areas. Its strategic location provides excellent access to major transportation routes, including Interstate 80 and nearby regional airports, making it a convenient home base for residents and businesses alike. The city’s steady population trends and relatively low cost of living continue to attract a diverse and growing tenant base.
The local economy is driven by a balanced mix of manufacturing, healthcare, education, logistics, and government services. These industries provide solid employment opportunities and help support stable median household incomes, fostering long-term rental demand. Davenport’s neighborhoods are well-developed with strong retail corridors, educational institutions, and cultural amenities, while also offering access to parks, recreational spaces, and a revitalized riverfront. With its combination of economic resilience, accessibility, and livability, Davenport presents a compelling environment for multifamily investment and long-term value growth.
02106051 (CA) & 10401395154 (NY)
600 W Fulton, Ste 100 Chicago, IL 60661
(949) 777-5984
Matthew M. Fitzgerald of Matthews Real Estate Investment Services, Inc
License # 471021676 (IL) & 478027547 (WI)
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Davenport, Iowa, anchors the Quad Cities region and serves as a key economic and residential center along the Mississippi River. As one of Iowa’s largest cities, it combines small-city charm with essential urban conveniences, offering a high quality of life at a lower cost compared to larger metro areas. Its strategic location provides excellent access to major transportation routes, including Interstate 80 and nearby regional airports, making it a convenient home base for residents and businesses alike. The city’s steady population trends and relatively low cost of living continue to attract a diverse and growing tenant base.
The local economy is driven by a balanced mix of manufacturing, healthcare, education, logistics, and government services. These industries provide solid employment opportunities and help support stable median household incomes, fostering long-term rental demand. Davenport’s neighborhoods are well-developed with strong retail corridors, educational institutions, and cultural amenities, while also offering access to parks, recreational spaces, and a revitalized riverfront. With its combination of economic resilience, accessibility, and livability, Davenport presents a compelling environment for multifamily investment and long-term value growth.
Property Facts
| Price | $845,000 | Building Class | B |
| Price Per SF | $85.35 | Lot Size | 0.42 AC |
| Sale Type | Investment | Rentable Building Area | 9,900 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2000 |
| Price | $845,000 |
| Price Per SF | $85.35 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 0.42 AC |
| Rentable Building Area | 9,900 SF |
| No. Stories | 1 |
| Year Built | 2000 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | K0013-09B | Improvements Assessment | $340,550 |
| Land Assessment | $36,000 | Total Assessment | $376,550 |
Property Taxes
Parcel Number
K0013-09B
Land Assessment
$36,000
Improvements Assessment
$340,550
Total Assessment
$376,550
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1704 W 2ND ST, DAVENPORT, IA 52802 | 1704 W 2nd St