17040 215TH ST Davenport IA 52806-9365

Value REIS is pleased to present the opportunity to acquire a single-tenant industrial facility leased to GardaWorld Cash Logistics at 17040 215th Street in Davenport, Iowa. The property is offered at $1,047,500 reflecting a 8% cap rate on current NOI of $83,793.

The asset consists of approximately 6,000 SF situated on ±0.90 acres and has undergone meaningful recent upgrades, including a new roof and interior renovations completed in 2025, underscoring the tenant’s long-term commitment to the location.

GardaWorld has occupied the site since 2005 and currently has nearly 11 years of remaining term with 2.5% annual rent increases, providing steady, predictable income growth. The lease is structured as double net (NN), with the tenant responsible for operating expenses while the landlord is responsible for roof and structure.

GardaWorld is a global leader in security and cash logistics, serving financial institutions, retailers, and government clients throughout North America. The company operates hundreds of locations and generates billions in annual revenue, supporting durable demand for mission-critical facilities like this one.

Located within the Quad Cities industrial corridor, the property benefits from immediate connectivity to Interstates 80 and 74, supporting regional logistics, distribution, and service operations throughout the Midwest.

This offering provides investors the ability to secure a high-yielding, credit-backed industrial net lease with built-in rent growth, recent capital improvements, and long-term tenant commitment.

Strong Corporate Guarantee: Backed By a Tenant with Over $6 Billion In Annual Revenue

Market Leadership: GardaWorld Is One of The World’s Largest Privately Owned Integrated Security and Risk Companies, Providing a Secure Investment

E-Commerce & Recession-Resilient: GardaWorld’s Business Model Is Well-Suited to Thrive in Various Economic Conditions

Highly Desirable 11-Year Lease: GardaWorld Has Recently Secured A Rare And Highly Sought-After 11-Year Lease At This Prime Location

Located Just Four Miles from Downtown Davenport, IA with a Population of 100,000+

Long-Term Occupancy: GardaWorld Has Successfully Operated at This Location and Renewed Its Lease for Nearly 20 Years

Investor-Friendly: This NN Industrial Property Offers Minimal Landlord Responsibilities, Making It Ideal for Out-Of-Market Investors

Prime Industrial Location: Situated In a Dense Industrial Area Surrounded by National Brands, Including R+L Carriers, Hertz Car Rental, John Deere, TruGreen, Culligan, Ryder, Amazon Fulfillment Center, Kraft- Heinz, Sterilite, Penske, And Quad Cities, Among Others, All In Close Proximity To The Subject Property