1612-1636 38th St - Storefront FOR SALE


Rock Island, IL 61201- Hilltop
$2,347,643 USD
949-500-2587
1612-1636 38th St, Rock Island, IL for Sale
$2,347,643 USD
Storefront - FOR SALE
1/5
null | 7% Cap Rate

1612-1636 38th St
Rock Island, IL 61201
Hilltop


OVERVIEW

This 7-Eleven gas-and-convenience-anchored center gives buyers a rare mix of national credit and everyday necessity uses in one package. The 7-Eleven occupies the prime fuel and c-store position under a lease running through November 2035 plus two five-year options, so roughly 61% of the center’s rent is backed by one of the world’s largest convenience operators; the same tenant also runs the on-site laundromat through 2030. Those two 7-Eleven streams sit alongside a built-to-suit car wash, multi-bay oil-change shop, and restaurant, creating a true 5-in-1 service destination rather than a single-use gas station. The site sits on 38th Street, a primary north-south arterial just north of 18th Avenue and a short drive from Blackhawk Road’s 23,300 vehicles per day, with Augustana College, the Rock Island Arsenal, Hy-Vee, and other national retailers all nearby. That combination of long-term 7-Eleven credit, complementary auto and food tenants, and a visible Quad Cities location (381,000+ MSA population) is what makes the asset attractive to an investor who wants durable cash flow plus residual upside from the remaining spaces.

FOR SALE DETAILS

PRICE

$2,347,643 USD

PRICE/SF

$277 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

RI

APN/PARCEL ID

16-01-230-013

ASK ABOUT THIS PROPERTY

Shannon GreenArizona Partners Retail Investment Group LLCMore Info
949-500-2587

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Shannon GreenArizona Partners Retail Investment Group LLCMore Info
949-500-2587

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