Building Details

Tenancy Single

Listing Agency: Forged Real Estate Show Phone

Listed By: James Yi · License #RS345286 Show Phone

Source: Moodyscre

Added: Oct 15 Changed: Oct 16 Last Checked: Oct 16 at 2:44PM

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Investment Insights

Based on property information with market context.

This 2,925-square-foot restaurant property in Moline is occupied by Arby's. The location has operated under the brand for more than 40 years, reflecting a long-running restaurant presence at the site.

The property is situated on 16th Street and is described as an outparcel to SouthPark Mall. It is part of a commercial corridor that includes John Deere Road and 16th Street.

Key Highlights

• 2,925‑square‑foot restaurant property
• Occupied by Arby's, which has operated at this location for over 40 years
• Located on 16th Street in Moline

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,402

Cap Rate

3.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$688,040 $688.0K

Cap Rate 7%

$491,457 $491.5K

Cap Rate 9%

$382,244 $382.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,925 SF

Gross rent

$47.4K $16.20/SF

− Vacancy

−$1.5K −$0.52/SF

EGI

$45.9K $15.68/SF

− OpEx

−$11.5K −$3.92/SF

NOI

$34.4K $11.76/SF

Area

Rock Island County, IL

Vacancy

3.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$688,040

Cap Rate 7%

$491,457

Cap Rate 9%

$382,244

Alternative Uses

Best Use

Specialty Retail

$491.5K

$430.0K – $573.4K (±1% cap)

NOI $34,402 @ 7.0% cap · market cap 3.18%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$498.1K

$435.9K – $581.2K (±1% cap)

NOI $34,870 @ 7.0% cap · market cap 3.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Arby's Restaurant

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Cafe & Coffee Shop Bakery Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

840

Businesses Nearby

220k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 36% Shops & Services 30% Dining 13% Home Improvements & Furnishings 7%

DICK'S Sporting Goods Apparel

30,343 visits/mo 0.2 miles

JCPenney Apparel

18,716 visits/mo 0.3 miles

Ollie's Bargain Outlet Shops & Services

18,112 visits/mo 0.2 miles

Buffalo Wild Wings Dining

18,094 visits/mo 0.1 miles

Dillard's Apparel

16,551 visits/mo 0.1 miles

Demographics for 61265, IL

44,342

Population

20,396

Households

2.2

Avg Household Size

40

Median Age

28%

College-Educated

89%

High-School Grad

19.2 sq mi

ZIP Area

2,309

Density / Sq Mi

$63,910

Median Household Income

$38,960

Median Earnings

$890

Median Rent

$142,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The single-tenant site has hosted the same restaurant brand in Moline for over four decades.

Where is this conventional restaurant located?

The property is located at 4520 16th St Moline, IL.

What is the asking price?

The asking price for this property is $1,083,000.

What are key features of this property?

This property features: 2,925‑square‑foot restaurant property; Occupied by Arby's, which has operated at this location for over 40 years; Located on 16th Street in Moline