5320 Corporate Park Drive

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5320 Corporate Park Drive

Davenport, IA 52807
Asking Price
$6.00M
Cap Rate
7%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

Real Estate Only | Top-Performing Harley-Davidson | 20 Yr Sale Leaseback | Multi-Unit Operator <ul><li>​<strong>Robust Rent Coverage:</strong> 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.</li><li>​<strong>Long-Term Stability:</strong> 20-year Absolute Triple Net (NNN) Lease in place with top-performing multi-location Harley-Davidson dealer with zero landlord responsibilities.</li><li>​<strong>Attractive Returns:</strong> 7.00%

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NOI
$80,000
Cap Rate
1.33%
DSCR
0.22
Underwater
Cash-on-Cash
-15.35%
Monthly Payment
$29,684.726
Annual Cash Flow
$-276,216.715

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