455 E 53rd St | Davenport, IA 52807
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455 E 53rd St
Davenport, IA 52807
JIFFY LUBE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Listed price of $2,700,000 yielding a 5.00% cap rate
- Absolute Triple-Net Lease (NNN) – Zero Landlord Responsibilities
- Premium Velocity Auto (PVA) operates at the site – the corporate operating entity of Jiffy Lube International.
- Recent move-in from Jiffy Lube Corporate and brand-new 15-year lease
- Corporate Guarantee – The lease is backed by Jiffy Lube International, a subsidiary of Shell.
- New Multicare® Store Model – part of Jiffy Lube’s new corporate initiative to become a full-service maintenance destination and go beyond oil changes.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,000 SF
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.45 AC
Parking
7 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
65’ on East 53rd Street
PROPERTY TAXES
| Parcel Number | P1209-13B | Improvements Assessment | $392,130 |
| Land Assessment | $78,410 | Total Assessment | $470,540 |
PROPERTY TAXES
Parcel Number
P1209-13B
Land Assessment
$78,410
Improvements Assessment
$392,130
Total Assessment
$470,540
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