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    3601 16Th St Moline, IL 61265

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    For Sale
    $4,084,000

    Walgreens NNN lease with 11+ years remaining in Moline.

    Property size:
    15,120 SF
    Lot size:
    1.70 Acres

    Property Features for 3601 16Th St

    General Information

    Size
    15,120 SF
    Lot size
    1.70 Acres

    Source: Forged Real Estate Agent Marco DiPrinzio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Moline Walgreens with NNN Lease

    This property is occupied by Walgreens, operating under a triple-net (NNN) lease with over 11 years of firm term remaining, offering a passive ownership structure. Walgreens has been operating at this location since 2002, establishing a long operating history of over 20 years within the community. The property is located at the corner of the signalized intersection between 16th Street, which has a traffic volume of 19,800 vehicles per day (VPD), and 36th Avenue, which has a traffic volume of 10,900 vehicles per day (VPD), providing ample visibility. The property also has multiple access points from both 16th Street and 15th Street D. The property size is 15,120 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor FedEx OnSite Mailing Service Walgreens Pharmacy Pharmacy Coinhub Bitcoin ATM ... Atm COVID-19 Drive-Thru Testing ... Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rotech, Walgreens Pharmacy, Family Medicine Moline, Ioan Ionescu, William Dohogne

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.507166
    Latitude
    41.478071

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    FAQs

    What type of property is this?
    Drug store - Walgreens NNN lease with 11+ years remaining in Moline.
    Where is this drug store located?
    The property is located at 3601 16Th St Moline, IL.
    What is the asking price?
    The asking price for this property is $4,084,000.
    What are key features of this property?
    This property features: - NNN Lease with over 11 years of firm term remaining, offering a passive, hands-free investment.; - **Prime corner location at a signalized intersection with high traffic volume** (16th Street: 19,800 VPD, 36th Avenue: 10,900 VPD) and ample visibility.; - Long operating history of 20+ years, indicating established community presence.
    (610) 608-2621
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    3601 16Th St Moline, IL 61265
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    Moline, IL 61265
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3601 16Th St Moline, IL 61265
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