1110 KIMBERLY RD new Save Request In-Person Tour Request Virtual Tour
Davenport,IA 52807
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,464 sqft
Price per Sqft $91
MLS Listing ID QC4264976
Annual Tax Amount $24,136
Tax Year 2023
Lot Size 1.100 Acres
Acres 1.1
Property Sub-Type Commercial
Source rmlsa
Property Description
Outstanding national tenant investment opportunity with Famous Dave's BBQ as the single tenant since 2002, demonstrating over 23 years of occupancy and success at this prime Davenport location. Famous Dave's is open and fully operational; this is an investment sale only, and the tenant is not closing. They recently signed a new 5-year lease extension effective May 1, 2025, with two additional 5-year renewal options—showcasing their strong commitment to the property and long-term operational success. The property has undergone recent renovations, further enhancing its appeal and functionality. This is a full net lease investment, with the tenant responsible for all expenses, offered at a 10% capitalization rate. Situated along the highly traveled Kimberly Road corridor with excellent visibility and ample parking, this property is ideal for investors seeking a stable, long-term income stream from a proven national tenant.
Location
State IA
County Scott
Area Qcara Area
Zoning C-2
Direction Off Kimberly Road
Interior
Heating Forced Air
Cooling Central Air
Flooring Other
Fireplace N
Exterior
View true
Roof Type Asphalt,Shake
Garage 1
Building
Faces Off Kimberly Road
Sewer Public Sewer
Water Municipal/City
Structure Type Other,Frame
Others
Tax ID P1311D01