Brinks Portfolio | 1704 W 2nd St, Davenport, IA 52802 | 6200 W Plank Rd, Bellevue, IL 61604
Retail | 6.75% CAP
Marketing description
Matthews™ is pleased to exclusively offer this two-property portfolio consisting of Brinks Inc. operated facilities in Peoria, IL and Davenport, IA. These properties represent a compelling investment opportunity featuring absolute net lease structures, long-term tenant commitment, and a national credit tenant with a BB+ credit rating from S&P. Brinks has operated at these locations since 1996, demonstrating nearly three decades of consistent performance. The tenant recently executed new 5-year lease extensions at both properties, ensuring income stability and reaffirming their commitment to the sites.
The leases are structured on an absolute net basis, with Brinks responsible for all real estate expenses including property taxes, insurance reimbursement, and maintenance. This structure provides investors with predictable income and a fully passive ownership profile with no management obligations. The Peoria property is undergoing significant upgrades including the installation of a new roof and perimeter security fence, mitigating long-term capital expenditure risk and enhancing asset durability.
Offered at a combined price of $2,152,000 ($1,307,000 for Peoria and $845,000 for Davenport), this portfolio provides investors an opportunity to acquire a national credit tenant at an attractive, accessible basis. The offering is particularly well-suited for private investors and 1031 exchange buyers seeking a stable, long-term investment backed by a global leader in secure logistics and cash management services.
Investment highlights
- 1704 W 2nd St, Davenport, IA 52802
- Attractive Price Point - Offered at $845,000, the property provides investors an opportunity to acquire a national credit tenant at an attractive, accessible basis. The offering is particularly well suited for private investors and 1031 exchange buyers seeking a stable, ong-term investment,
- Long-Term Tenant Commitment - Brink's Inc. has operated at this location since 1996, reflecting nearly three decades of consistent performance. The tenant recently executed a new 5-year lease extension, ensuring income stability and reaffirming their commitment to the site.
- Absolute Net Lease - Passive Ownership - The lease is structured on an absolute net basis, with Brink's responsible for all real estate expenses, including property taxes, insurance, and maintenance. This structure provides investors with predictable income and a fully passive ownership profile with no management obligations.
- Strategic Location - Situated along the Mississippi River, Davenport benefits from strong transportation infrastructure, including proximity to major highways and the Quad City
- International Airport, facilitating efficient logistics and distribution.
- Ongoing Developments - The city is investing in infrastructure and community projects, such as the $5 million repaving of 4th Street to convert one-way traffic to two-way, aiming to improve downtown accessibility.
- Industrial Sector Strength - The Quad Cities industrial market remains robust, with low vacancy rates and continued demand for warehouse and distribution spaces, supported by national and regional logistics companies.
- 6200 W PLANK RD, PEORIA, IL 61604
- Attractive Price Point - $1,307,000, the property provides investors an opportunity to acquire a national credit tenant at an attractive, accessible basis. The offering is particularly well-suited for private investors and 1031 exchange buyers seeking a stable, long-term investment.
- Long-Term Tenant Commitment - Brink's Inc. has operated at this location since 1996, reflecting nearly three decades of consistent performance. The tenant recently executed a new
- 5-year lease extension, ensuring income stability and reaffirming their commitment to the site.
- Absolute Net Lease - Passive Ownership - The lease is structured on an absolute net basis, with Brink's responsible for all real estate expenses, including property taxes, insurance reimbursement, and maintenance. This structure provides investors with predictable income and a fully passive ownership profile with no management obligations.
- Capital Improvements - New Roof & Perimeter Fence - The property is undergoing significant upgrades, including the installation of a new roof and perimeter security fence.
- These improvements mitigate long-term capital expenditure risk and enhance asset durability.
- National Credit Tenant - Brink's Inc. - Brink's Inc. (NYSE: BCO) is a global leader in secure logistics, cash management, and security services, operating in more than 100 countries. The company maintains a "BB+" credit rating from S&P, underscoring its financial strength and reliability as a tenant.
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