Harley Davidson – Davenport, IA

Harley-Davidson
5320 Corporate Park Dr, Davenport, IA 52807, USA

We are pleased to exclusively offer for sale the 19,611 SF Harley-Davidson dealership located at 5320 Corporate Park Drive in Davenport, IA. This investment is secured by a brand-new 20-year Absolute Triple Net (NNN) Lease, providing passive, management-free income. The asset offers a strong 7.00% CAP rate with 10% rent increases every 5 years, ensuring steady income growth and long-term stability with a nationally recognized tenant.

  • Robust Rent Coverage: 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.
  • Long-Term Stability: 20-year Absolute Triple Net (NNN) Lease in place with top-performing multi-location Harley-Davidson dealer with zero landlord responsibilities.
  • Attractive Returns: 7.00% CAP Rate with 10% rent increases every 5 years, providing a strong hedge against inflation.
  • Strong Guarantor: Lease guaranteed by an award-winning multi-unit operator with deep experience in dealership and auto service operations.
  • Premier Quad Cities Location: Strategically positioned immediately south of Interstate 80 in Davenport, the largest of the Quad Cities and a key Midwest freight and tourism corridor connecting Chicago to Des Moines and Omaha. Located near Amazon’s 2.3M SF Robotics Fulfillment Center (~2,000 employees) and second Davenport last-mile delivery station along the same I-80 corridor.
  • Brand Power: Harley-Davidson remains one of the most recognizable and enduring retail brands in America.
  • Longstanding Operating History: Purpose-built as a flagship Harley Davidson dealership in 1999, representing 26+ years of continuous operation at the subject location and reinforcing deep community roots and consistent performance. This location underwent recent renovations in 2019 and 2025 aimed at enhancing the customer experience and improving operational efficiency.
  • Major I-80 Corridor Investment: Iowa DOT is advancing plans to widen I 80 to six lanes through the Quad Cities, alongside the active I-80/Middle Road interchange reconstruction in Bettendorf, representing significant state investment in the property’s frontage corridor.
  • Dominant Quad Cities Retail Node: Located within the Elmore Avenue / 53rd Street corridor, the dominant retail node of the Quad Cities features Costco, Target, Best Buy, Walmart, Sam’s Club, Lowe’s, Kohl’s, Dick’s Sporting Goods, Hobby Lobby, HomeGoods (#1 in Iowa), and DSW.
  • Affluent Demographics: 3-Mile Average HHI exceeding $115,000 with a 10-Mile Population of 282,000+ capturing the broader Quad Cities MSA of nearly 380,000 residents across Iowa and Illinois.
  • Top Performer: Ranked in the top 11% of Harley-Davidson dealerships in the U.S.

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Harley-Davidson
5320 Corporate Park Dr, Davenport, IA 52807, USA

Harley-Davidson

Harley-Davidson, Inc. serves as the parent company of both Harley-Davidson Motor Company and Harley-Davidson Financial Services. The company is driven by a vision centered on building its legacy and leading the motorcycle industry through innovation, evolution, and emotional connection. Its mission goes beyond manufacturing motorcycles—it represents a timeless pursuit of adventure and the promise of freedom for the soul. With an ambition to remain the most desirable motorcycle brand globally, Harley-Davidson has, since 1903, played a defining role in shaping motorcycle culture. The brand is known for offering distinctive and customizable motorcycles, along with immersive experiences, accessories, riding gear, and apparel. Harley-Davidson Financial Services supports the brand’s customer base by offering financing, insurance, and related services to help riders get on the road. Harley has more than 1,400 independently owned Harley Davidson dealerships in nearly 100 countries.

Price

$6,000,000

Cap Rate

7.00%

PREMISES

19,611 SF

YEAR BUILT

1999

RENEWAL OPTIONS

5 x 5 Year Options

Lease Expiration

20 Years From Close of Escrow

Lease Type

Absolute NNN

RENTAL INCREASES

10% Every 5 Years

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