3601 16th St
Moline, IL 61265
Prospect Park
HIGHLIGHTS
- 24+ year tenancy with recently executed long-term NNN lease extension
- ±10 years remaining on base term with Eight 5-year extension options
- Corporately guaranteed NNN lease — landlord has zero responsibilities
- 5-mile population of 134,427 with avg. household income of $90,694
- Less than a mile from SouthPark Mall with Dick's, Dillard's, JCPenney & more
- Essential retailer with consistent operations and rent payments through COVID-19
FOR SALE DETAILS
PRICE
$3,956,150 USD
PRICE/SF
$262 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.7 AC
LAND SF
74,052 SF
ZONING
MOL
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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972-533-2144
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Please correct the highlighted field(s).
972-533-2144
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
