2720 Devils Glen Rd, Bettendorf, IA
Retail for Sale - $1,594,840 - 5,100 Sq. Ft. on 0 acres
Property Info
| CIMLS# | 97327 |
| Location 2720 Devils Glen Rd Bettendorf IA 52722 | |
| Updated | July 1st, 2009 |
| Type | Retail |
| Price | $1,594,840 |
| Building | 5,100 Sq. Ft. |
| Land | 0 acres |
Property Description
Retailers located in the immediate area include: HyVee, Walgreens, Arby's, Dollar General, Burger King, Subway and Wendy's.
The city of Bettendorf is located along the banks of the Mississippi River in eastern Iowa. As one of the four Quad Cities, Bettendorf is part of a metropolitan area with a population base of over 375,000.
Car-X Associates seeks to exe out auto problems. Car-X serves the US with more than 175 franchised and company-owned auto service and repair shops in the Midwest. Services range from brakes and mufflers to air conditioning and windshield wiper maintenance. Customers are given free use of a rental car for up to four hours while their cars are being serviced. Ohio-based Tuffy Associates, which operates about 250 franchised and company-owned Tuffy Auto Service Centers, owns Car-X Associates which began in 1971 as a muffler shop in Hammond, Indiana.
Financials
Cap Rate: 7.75%
Net, Net. Landlord responsible for roof, outsidewalls and foundations (please see lease)
Lease Term: 20
Lease Commencement: November 2007
Lease Renewal Options: Two 5-year options
