2627 7th Ave - Supermarket FOR SALE


Rock Island, IL 61201- Greenbush
$1,150,000 USD
586-200-0041
2627 7th Ave, Rock Island, IL for Sale
$1,150,000 USD
Supermarket - FOR SALE
1/4
null | 7.83% Cap Rate

2627 7th Ave
Rock Island, IL 61201
Greenbush


HIGHLIGHTS

  • Recently Signed 10-Year Corporate Lease
  • NN+ Lease – Minimal Landlord Responsibilities
  • Upgraded Plus-Size Prototype Format (±15,108 SF)
  • Located in the Davenport–Moline–Rock Island MSA
  • Over 170,000 residents within a 5-mile radius
  • Walking distance to dense apartment clusters including Cody Apartments, Goldman Lofts, The Heritage, and Peterson Paper Lofts

OVERVIEW

AMC Real Estate Investment Services is pleased to present the opportunity to acquire a newly renovated, freestanding Dollar General Market located at 625 26th Street, Rock Island, Illinois. This ±15,108 SF prototype store sits on a generous 1.79-acre parcel and is backed by a recently signed 10-year corporate NN+ lease with Dollar General, a Fortune 500 company with over 21,000 locations nationwide. Strategically positioned in the heart of the Quad Cities MSA (Davenport–Moline–Rock Island, IA–IL), this asset benefits from proximity to major regional employers including Rock Island Arsenal (6,300+ jobs), UnityPoint Health – Trinity (6,000+ employees), and John Deere’s World Headquarters (6,700 employees). The property is surrounded by dense residential and multifamily developments and enjoys strong visibility with combined traffic counts exceeding 30,000 VPD along Route 92 and 7th Avenue. This location features a plus-size market format, offering expanded grocery and fresh food selections tailored to the community’s needs. The NN+ lease structure offers minimal landlord responsibilities, with the tenant covering taxes, insurance, HVAC, and CAM reimbursements, while the landlord is only responsible for roof and parking lot replacement. With built-in 10% rental increases during each of the three (3) five-year option periods and a recession-resistant tenant, this offering presents a secure, long-term cash flow opportunity in a growing Midwest market.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

7.83%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Save-A-Lot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,908 SF

ZONING

RI

APN/PARCEL ID

07-36-312-009

ASK ABOUT THIS PROPERTY

Corbin MontpasAMC Commercial Real Estate, LLCMore Info
586-200-0041

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

Corbin MontpasAMC Commercial Real Estate, LLCMore Info
586-200-0041

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