Marcus & Millichap is pleased to present the fee simple interest in a 7,000-square-foot Advance Auto Parts located at 3813 18th Ave. in Rock Island, IL. The property is leased on a double-net (NN) basis to Advance Stores Company, Inc., with approximately ten years of firm term remaining, expiring December 31, 2035.
The lease features three five-year renewal options with fixed rent increases of 18.00 percent, 7.00 percent and 6.00 percent, respectively, providing durable income and option-period growth. Landlord obligations are limited to structural elements (slab and foundation). There is no ROFR/ROFO, preserving flexibility for future dispositions or recapitalizations.
Situated within the Quad Cities — a regional hub anchored by manufacturing, healthcare, education, logistics and the Rock Island Arsenal — the location benefits from stable, year-round demand for auto parts and service-oriented retail. The 2006 construction on 0.84 acres and a rent level of $14.82 per square foot support long-term tenancy fundamentals.