3035 53rd St | Davenport, IA 52807
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- LoopNet Team
3035 53rd St
Davenport, IA 52807
IHOP (GROUND LEASE) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 7+ Years Remaining on Initial 25-Year Absolute NNN (RARE Corporately Guaranteed Ground Lease) with Attractive 10% Rental Escalations every 5 Years!
- Infill Location with Very High Barriers to Entry and Priced Below Replacement Cost!
- Positioned Off the Hard Corner with Great Drive-By Visibility on E 53rd St, West of I-74 (35,391 CPD) where Traffic Counts Exceeding 56,840 CPD!
- IHOP Realty Corp. - Corporate Entity of IHOP with 1,823 Locations
- Situated on a Large ±1.38-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
3,930 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.38 AC
Zoning
C - commercial
Parking
30 Spaces (7.63 Spaces per 1,000 SF Leased)
Frontage
127’ on 53rd St
AMENITIES
- Pylon Sign
- Signalized Intersection
- Air Conditioning
PROPERTY TAXES
| Parcel Number | N0833-04H | Improvements Assessment | $1,610,170 |
| Land Assessment | $870,200 | Total Assessment | $2,480,370 |
PROPERTY TAXES
Parcel Number
N0833-04H
Land Assessment
$870,200
Improvements Assessment
$1,610,170
Total Assessment
$2,480,370
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