4440 16th St Moline, IL 61265

Listing agency Chicago Oak Brook Office b***@marcusmillichap.com Show Phone

Listed by Benjamin Shapiro · License #License(s): IL: 475.204677 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 10 at 3:56PM Checked: Jul 22 at 2:11AM

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Investment Insights

Based on property information with market context.

This is a triple-net leased KFC property with 8.5 years remaining on the lease. The lease includes 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, which has over 1,100 locations across 32 states. The KFC location has been operating since 2011. The property is positioned as an outlot to SouthPark Mall, which draws 1.3 million annual visitors. It is surrounded by a mix of national retailers and restaurants. Located in a high-traffic corridor near Interstates 74 and 280, the property is also 1.6 miles from Quad Cities International Airport. The trade area is densely populated with over 52,000 residents and 51,000 daytime employees within a three-mile radius. The property size is 3293 square feet.

Key Highlights

• Absolute triple‑net leased KFC with 8.5 years remaining on the lease and 2, 5‑year renewal options.
• Lease guaranteed by a large franchise operator with over 1,100 locations.
• Scheduled 10% rent increases every five years.

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FAQs

What type of property is this?

Drive through restaurant - Freestanding KFC outlot to SouthPark Mall for sale.

Where is this drive through restaurant located?

The property is located at 4440 16th St Moline, IL.

What is the asking price?

The asking price for this property is $1,572,043.

What are key features of this property?

This property features: Absolute triple‑net leased KFC with 8.5 years remaining on the lease and 2, 5‑year renewal options.; Lease guaranteed by a large franchise operator with over 1,100 locations.; Scheduled 10% rent increases every five years.