1111 Coyne Center Rd - Freestanding FOR SALE


Milan, IL 61264
$1,289,795 USD
586-649-8478
1111 Coyne Center Rd, Milan, IL for Sale
$1,289,795 USD
Freestanding - FOR SALE
1/5
null | 7.35% Cap Rate

1111 Coyne Center Rd
Milan, IL 61264


HIGHLIGHTS

  • Corporate-guaranteed absolute NNN lease with zero landlord responsibilities.
  • Located in the Quad Cities region near Interstate 280, ensuring strong regional access.
  • Immediate trade area with average household income exceeding $90,000 within one mile.
  • Positioned to benefit from long-term economic stability and retail demand drivers.
  • Below replacement cost pricing offers downside protection and attractive entry point.
  • Dollar General’s essential goods model provides resilience during economic downturns.

OVERVIEW

This Dollar General property offers a stable, long-term investment opportunity in the Quad Cities region, a growing Midwest market with strong economic fundamentals. The asset is backed by a corporate-guaranteed lease from Dollar General Corporation (NYSE: DG), which operates over 19,000 locations nationwide. The lease is structured as an absolute NNN, providing zero landlord responsibilities and truly passive income. Positioned near Interstate 280, the property benefits from excellent regional connectivity and proximity to Rock Island, Moline, Davenport, and Bettendorf. These cities drive consistent retail demand and economic activity, supported by major employers such as the Rock Island Arsenal and John Deere. The immediate trade area features an average household income exceeding $90,000 within a one-mile radius, reinforcing strong purchasing power. With a remaining lease term of five years and two five-year renewal options, this property offers predictable cash flow and annual rent escalations. The asset is priced below replacement cost, providing an attractive entry point in today’s elevated development environment. Dollar General’s recession-resistant business model and essential goods focus ensure consistent performance across economic cycles, making this a compelling addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$1,289,795 USD

PRICE/SF

$143 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

OAK

APN/PARCEL ID

23-02-205-002

ASK ABOUT THIS PROPERTY

Rita MichilElevate Net Lease AdvisorsMore Info
586-649-8478

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Rita MichilElevate Net Lease AdvisorsMore Info
586-649-8478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.