4440 16th St - Freestanding FOR SALE


Moline, IL 61265- Prospect Park
$1,572,043 USD
630-570-2283
4440 16th St, Moline, IL for Sale
$1,572,043 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

4440 16th St
Moline, IL 61265
Prospect Park


HIGHLIGHTS

  • Absolute NNN KFC with 8.5 years of term remaining
  • Tenant has been operating at this location since 2011 and has 8.5 years of term remaining
  • Backed by one of America’s largest franchise operators with 1,100+ restaurants in 32 states
  • Outlot to Southpark Mall | Positioned in a retail corridor
  • Direct Signalized access | near Interstates 74 and 280 and Quad City international airport

OVERVIEW

This absolute triple-net leased KFC has 8.5 years remaining on the lease, with 2, 5-year renewal options and scheduled 10% rent increases every five years. The lease is guaranteed by one of the nation’s largest franchise operators, with over 1,100 locations across 32 states. KFC has a strong operating history at this location, having been established here since 2011. Positioned as an outlot to SouthPark Mall, drawing 1.3 million annual visitors, the property is surrounded by a strong mix of national retailers and restaurants. The property is located in a high-traffic corridor near Interstates 74 and 280 and 1.6 miles from Quad Cities International Airport. The property also benefits from a densely populated trade area with over 52,000 residents and 51,000 daytime employees within a three-mile radius.

FOR SALE DETAILS

PRICE

$1,572,043 USD

PRICE/SF

$477 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

CROSS STREETS

44th Ave.

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

MOL

APN/PARCEL ID

17-16-108-003

ASK ABOUT THIS PROPERTY

Benjamin ShapiroSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2283

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Benjamin ShapiroSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2283

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