Listed by Matthews
$1,307,000
6200 W Plank Rd
Details
Property Type Retail, Industrial
Sub Type Flex, Commercial
Square Footage 12,400
Cap Rate 6.75%
Tenancy Single
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 08/30/2030
Remaining Term 4.3
Lease Options Five, 5-Year Options
Price per SqFt $105
Acreage 2.200
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/31/2025
Ground Lease No
Ownership Free Simple
Retail | 6.75% CAP | 12,400 SqFt
Marketing description
*******Also availble with 1704 W 2nd St, Davenport, Scott County, IA 52802 | $845,000 | Industrial | 6.75% CAP | 9,900 SqFt | 1704 W 2nd St
The transportation network includes Interstate 74 running east-west through the city, with 1-474 acting as a bypass route and connections to 1-55 and I-155 enabling regional access. Public transit is provided by the Greater Peoria Mass Transit District. Education and research are supported by institutions such as Bradley University and the University of Illinois College of Medicine at Peoria, both contributing to workforce development and research capacity. Civic investments in infrastructure and riverfront development continue to shape the city's long-term planning efforts.
Investment highlights
- 6200 W Plank Rd, Bellevue, IL 61604
- 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.
- Accessible Price Point – $1,307,000 - Offered at $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.
- 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, 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, 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.
Listing Contacts
Listed by Matthews
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