1655 Kimberly Rd Davenport, IA 52806-5532

This exceptional investment opportunity presents a fee-simple ownership of a 17,200-square-foot CVS Pharmacy located at 1655 W Kimberly Rd, Davenport, IA 52806. The property boasts a strong 15.9-year remaining lease term (commencing October 7, 2020 and expiring October 6, 2040) with eight 5-year renewal options, each including a 5% rent increase. The absolute net lease structure (NNN) ensures zero landlord responsibilities. The property features a drive-thru and benefits from a prime location at a signalized intersection with high traffic counts exceeding 31,234 vehicles daily. The building, constructed in 1988, sits on a 1.61-acre lot and is classified as Class A. The tenant, CVS Pharmacy, is a credit-rated, Fortune 500 company providing a corporate guarantee. The property's strong financials include a $3,831,440 asking price, a 5.00% cap rate, and a net operating income (NOI) of $191,572. The location enjoys excellent visibility and proximity to major amenities, including Genesis Medical Center, Select Medical Hospital, and NorthPark Mall. The property's strong demographics, with a population exceeding 129,128 within a 5-mile radius, further enhance its investment appeal. This CVS Pharmacy location also holds a liquor license, expanding its revenue streams. The property's size and location make it an attractive investment for discerning buyers seeking a stable, high-yield, long-term net lease opportunity.