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    306 Avenue Of The Cities East Moline, IL 61244

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    For Sale
    $5,000,000

    NNN leased car wash with long-term corporate guarantee.

    Property size:
    4,808 SF
    Lot size:
    1.16 Acres

    Property Features for 306 Avenue Of The Cities

    General Information

    Size
    4,808 SF
    Lot size
    1.16 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

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

    Overview

    East Moline NNN Investment

    This property is subject to a new 20-year lease commencing at the close of escrow. The lease includes 1.50% annual rental increases. The lease is subject to a corporate guarantee by Mammoth Holdings, LLC, which operates over 130 units. The property qualifies for accelerated depreciation as well as bonus depreciation. The property is 4,808 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Car washes

    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.

    Location Insight

    • Map
    • Local Demand
    City
    East Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.455384
    Latitude
    41.488878

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    FAQs

    What type of property is this?
    Car wash - NNN leased car wash with long-term corporate guarantee.
    Where is this car wash located?
    The property is located at 306 Avenue Of The Cities East Moline, IL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Long-Term NNN Sale Leaseback: Enjoy a new 20-year lease commencing at close of escrow.; - Strong Corporate Guarantee: Lease guaranteed by Mammoth Holdings, LLC (130+ Unit Operator).; - Attractive Annual Rent Increases: Lease includes 1.50% annual rental increases.
    (332) 345-2408
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    306 Avenue Of The Cities East Moline, IL 61244
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    East Moline, IL 61244
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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
    306 Avenue Of The Cities East Moline, IL 61244
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