Freestanding Auto Collision
For Sale
Contact for pricing
3912 17th Street, East Moline, IL 61244
Fee-simple freestanding automotive repair property with corporate guarantee and a long remaining lease term.
Property Size18,000 SF
Price / SF$164.72
Days on Market64
Property Features for 3912 17th Street
General Information
Standard status
Active
Size
18,000 SF
Class
B
Property subtype
Retail, Industrial, Special Purpose
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$207,827
Additional Details
Heavy Power
Yes
Building Details
Year Built
1969
Year Renovated
2022
Tenancy
Single
Listing Agency:
Sierra Real Estate Advisors
Listed By:
Tyler Stevens · License #01902798
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 11 at 9:53AM
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
Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$148,856
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,977,120
$3.0M
Cap Rate 7%
$2,126,514
$2.1M
Cap Rate 9%
$1,653,956
$1.7M
Market Conditions
NOI Build-Up for 18,000 SF
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.
Gross rent
$237.6K $13.20/SF
− Vacancy
−$24.9K −$1.39/SF
EGI
$212.7K $11.81/SF
− OpEx
−$63.8K −$3.54/SF
NOI
$148.9K $8.27/SF
Area
Rock Island County, IL
Vacancy
10.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,977,120
Cap Rate 7%
$2,126,514
Cap Rate 9%
$1,653,956
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
15k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Electronics 7%
Circle K
Shops & Services
11,002 visits/mo
0.3 miles
BP
Shops & Services
2,900 visits/mo
0.3 miles
Boost Mobile
Electronics
1,064 visits/mo
0.3 miles
Storage Rentals of America
Shops & Services
529 visits/mo
0.4 miles
Demographics for 61244, IL
24,004
Population
10,135
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
87%
High-School Grad
26.9 sq mi
ZIP Area
892
Density / Sq Mi
$66,827
Median Household Income
$39,823
Median Earnings
$828
Median Rent
$140,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Vinh's Auto Repair — 1840 Avenue of the Cities, East Moline, IL 61244
- Kunes Ford of East Moline Service — 1900 Avenue of the Cities, East Moline, IL 61244
- Kunes Tire Center — 1900 Avenue of the Cities, East Moline, IL 61244
- Kunes Auto Body of East Moline — 1900 Avenue of the Cities, East Moline, IL 61244
- Crash Champions Collision Repair East Moline — 1200 Avenue of the Cities, East Moline, IL 61244
Frequently Asked Questions
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
