Listed by ParaSell Inc, Sands Investment Group, Sands Investment Group Atlanta
$6,000,000
Real Estate Only - Harley Davidson - Davenport IA
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 19,611
Cap Rate 7%
NOI $420,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 5 x 5 Year Options
Price per SqFt $306
Year Built 1999
Year Renovated 2025
Acreage 1.620
Investment Type Sale/Leaseback
Ground Lease No
Real Estate Only | Top-Performing Harley-Davidson | 20 Yr Sale Leaseback | Multi-Unit Operator
Marketing description
We are pleased to exclusively offer for sale the 19,611 SF Harley-Davidson dealership located at 5320 Corporate Park Drive in Davenport, IA. This investment is secured by a brand-new 20-year Absolute Triple Net (NNN) Lease, providing passive, management-free income. The asset offers a strong 7.00% CAP rate with 10% rent increases every 5 years, ensuring steady income growth and long-term stability with a nationally recognized tenant.
Investment highlights
- Robust Rent Coverage: Boasts an extremely strong Rent-to-EBITDAR coverage ratio that comfortably exceeds institutional benchmarks, providing the landlord with strong assurance of lease sustainability and healthy operating margins.
- Long-Term Stability: 20-year Absolute Triple Net (NNN) Lease in place with top-performing multi-location Harley-Davidson dealer with zero landlord responsibilities.
- Attractive Returns: 7.00% CAP Rate with 10% rent increases every 5 years, providing a strong hedge against inflation.
- Strong Guarantor: Lease guaranteed by an award-winning multi-unit operator with deep experience in dealership and auto service operations.
- Premier Quad Cities Location: Strategically positioned immediately south of Interstate 80 in Davenport, the largest of the Quad Cities and a key Midwest freight and tourism corridor connecting Chicago to Des Moines and Omaha. Located near Amazon's 2.3M SF Robotics Fulfillment Center (~2,000 employees) and second Davenport last-mile delivery station along the same I-80 corridor.
- Brand Power: Harley-Davidson remains one of the most recognizable and enduring retail brands in America.
- Longstanding Operating History: Purpose-built as a flagship Harley-Davidson dealership in 1999, representing 26+ years of continuous operation at the subject location and reinforcing deep community roots and consistent performance. This location underwent recent renovations in 2019 and 2025 aimed at enhancing the customer experience and improving operational efficiency.
- Major I-80 Corridor Investment: Iowa DOT is advancing plans to widen I-80 to six lanes through the Quad Cities, alongside the active I-80/Middle Road interchange reconstruction in Bettendorf, representing significant state investment in the property's frontage corridor.
- Dominant Quad Cities Retail Node: Located within the Elmore Avenue / 53rd Street corridor, the dominant retail node of the Quad Cities features Costco, Target, Best Buy, Walmart, Sam's Club, Lowe's, Kohl's, Dick's Sporting Goods, Hobby Lobby, HomeGoods (#1 in Iowa), and DSW.
- Affluent Demographics: 3-Mile Average HHI exceeding $115,000 with a 10-Mile Population of 282,000+ capturing the broader Quad Cities MSA of nearly 380,000 residents across Iowa and Illinois.
- Top Performer: Ranked in the top 11% of Harley-Davidson dealerships in the U.S.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group, Sands Investment Group Atlanta
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$420,000.00
$35,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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