2955 E 53rd St | Davenport, IA 52807
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- LoopNet Team
2955 E 53rd St
Davenport, IA 52807
WENDY’S (GROUND LEASE) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Ground Lease (Currently in 2nd Renewal Option) with Rental Escalations every 5 Years!
- Infill Location with Very High Barriers to Entry and Price Below Replacement Cost!
- Positioned Off the Hard Corner with Great Drive-By Visibility on E 53rd St, where Traffic Counts Exceeding 56,840 CPD!
- Parco Limited Corp. - A Second Generation Wendy’s Franchisee with 29 Locations in Iowa, Illinois & Minnesota
- Situated on a Large ±1.98-Acre Lot, Across the Street from a Super Target Anchored Shopping Center
- 2020 DEMOGRAPHICS: Total Population (5-MI): 125,757 | Average Household Income (1-MI): $98,092
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,062 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.19 AC
Zoning
C - Commercial
Parking
63 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
190’ on E 23rd St
AMENITIES
- Pylon Sign
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | N0833-03J | Improvements Assessment | $1,194,560 |
| Land Assessment | $610,820 | Total Assessment | $1,805,380 |
PROPERTY TAXES
Parcel Number
N0833-03J
Land Assessment
$610,820
Improvements Assessment
$1,194,560
Total Assessment
$1,805,380
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