Freestanding Auto Collision
3912 17th Street, East Moline, IL 61244
Fee-simple freestanding automotive repair property with corporate guarantee and a long remaining lease term.
Type:Retail, Industrial, Special Purpose
Property size:
18,000 SFPrice / SF:
$164/SF- Added:
- Jun 9, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 20 at 6:11 am
Property Features for 3912 17th Street
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Property subtype
- Retail, Industrial, Special Purpose
Building Details
- Year Built
- 1969
Listing office Sierra Real Estate Advisors
Listing date Jun 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Sierra Real Estate Advisors
HighLights
- Freestanding single‑tenant automotive repair property in East Moline, IL, leased to corporately guaranteed Caliber Collision
- Caliber Collision operating since 2022; lease has approximately +6 years remaining on primary term with two 5‑year options
- Lease includes annual 2% rent escalations and an NN lease with minimal landlord responsibilities
- Capital improvements in 2021/2022 (approx. $400,000) including new HVAC units, exterior paint, upgraded exterior lighting, 800‑amp electrical panel, and roof repairs
- Positioned along the Avenue of the Cities retail corridor, adjacent to Green Family Chevrolet and across from Kunes Ford of East Moline
- Tenant lease is corporately guaranteed by Wand Newco 3, Inc. (tenant’s parent company)
Overview
3912 17th Street is a freestanding, single-tenant automotive collision repair facility offered in fee simple. The property is leased to Caliber Collision under a net lease structure with minimal landlord responsibilities. Significant capital improvements were completed in 2021–2022, including new exterior paint, new HVAC units, upgraded exterior lighting, a new 800-amp electrical panel, roof repairs, and refreshed asphalt striping.
The property is located in East Moline, Illinois, on the primary retail corridor known as Avenue of the Cities. It is positioned adjacent to Green Family Chevrolet and directly across from Kunes Ford of East Moline, supporting day-to-day accessibility for an automotive repair use.
For buyers seeking a credit-supported, single-tenant automotive asset, this offering includes a corporate guarantee. Caliber Collision has operated at this location since 2022, with approximately six years remaining on the primary lease term, two additional five-year options, and annual 2% rent escalations. The tenant’s parent company, Wand Newco 3, Inc., provides the corporate guarantee, offering additional comfort for an institutional-style long-term hold. Please review lease terms and permitted use details with the managing broker before making a decision.
The property is located in East Moline, Illinois, on the primary retail corridor known as Avenue of the Cities. It is positioned adjacent to Green Family Chevrolet and directly across from Kunes Ford of East Moline, supporting day-to-day accessibility for an automotive repair use.
For buyers seeking a credit-supported, single-tenant automotive asset, this offering includes a corporate guarantee. Caliber Collision has operated at this location since 2022, with approximately six years remaining on the primary lease term, two additional five-year options, and annual 2% rent escalations. The tenant’s parent company, Wand Newco 3, Inc., provides the corporate guarantee, offering additional comfort for an institutional-style long-term hold. Please review lease terms and permitted use details with the managing broker before making a decision.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.6k | $13.20 |
| − Vacancy | −$24.9k | −$1.39 |
| EGI | $212.7k | $11.81 |
| − OpEx | −$63.8k | −$3.54 |
| NOI | $148.9k | $8.27 |
18,000 SF · lease $13.20/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.13M
$1.86M – $2.48M
NOI $148,856 @ 7.0% cap · market cap 5.02%
Second Best
Industrial
$1.65M
$1.45M – $1.93M
NOI $115,736 @ 7.0% cap · market cap 3.90%
Theoretical Best
Healthcare Medical
$3.07M
$2.68M – $3.58M
NOI $214,585 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
- Soliz Autoz inc. — 1719 18th Ave, East Moline, IL 61244
- Jeff Durbin's Paint & Body Shop — 1005 1st Ave, Silvis, IL 61282
- Joe's Garage — 1817 18th Ave, East Moline, IL 61244
- Weber Auto Group Service Center — 101 1st Ave, Silvis, IL 61282
- Jim Whan's Automotive Central — 1703 18th Ave, East Moline, IL 61244
Location Insight
- Map
- Local Demand
- City
- East Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.42704
- Latitude
- 41.496925
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Fee-simple freestanding automotive repair property with corporate guarantee and a long remaining lease term.
Where is this auto shop located?
The property is located at 3912 17th Street East Moline, IL.
What is the asking price?
The asking price for this property is $2,965,000.
What are key features of this property?
This property features: Freestanding single‑tenant automotive repair property in East Moline, IL, leased to corporately guaranteed Caliber Collision; Caliber Collision operating since 2022; lease has approximately +6 years remaining on primary term with two 5‑year options; Lease includes annual 2% rent escalations and an NN lease with minimal landlord responsibilities
