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    Walgreens NNN Lease Opportunity Title is generated by Realmo AI

    555 19th Ave, Moline, IL

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    NNN leased Walgreens with over 8 years remaining on primary term.

    Type:RETAIL
    Property size:
    14,392 SF
    Lot size:
    1.69 Acres
    Price / SF:
    $277/SF
    Added:
    Sep 25, 2025
    Days on Market:
    237
    Last Refresh:
    Apr 5 at 9:26 pm

    Property Features for 555 19th Ave

    General Information

    Standard status
    Active
    Size
    14,392 SF
    Lot size
    1.69 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Randy Blankstein
    Randy Blankstein

    Listing agent Randy Blankstein License #IL 471007006

    Listing office The Boulder Group - Corporate

    Listing date Sep 25, 2025

    Source Moodyscre

    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 The Boulder Group - Corporate

    HighLights

    • NNN lease – No landlord responsibilities
    • Successful operating history since 2002 with a long‑term extension
    • Walgreens is ranked #28 on the Fortune 500 list for total revenue (2025)
    • Over 8 years remain on the primary lease term
    • Signalized hard corner along 19th Avenue & 7th Street – Combined 23,700 VPD
    • Over 166,000 people live within a five‑mile radius

    Overview

    This property is a NNN leased Walgreens with over 8 years remaining on the primary lease term. The property has a successful operating history since 2002 with a long-term extension. It is located on a signalized hard corner along 19th Avenue and 7th Street, with a combined traffic count of 23,700 vehicles per day. The property is in proximity to Interstate 74, which sees 78,100 vehicles per day. Neighboring retailers include Jewel-Osco, Salvation Army, Starbucks, O’Reilly Auto Parts, Shell, and UnityPoint. Over 166,000 people live within a five-mile radius, and the average household income within five miles exceeds $81,000. The property size is 14,392 square feet. Walgreens is ranked #28 on the Fortune 500 list for total revenue (2025).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo (Bike/Boat/Book/etc) Store Jami L. Andrews, ... Pharmacy Katherine King, PharmD Pharmacy Redbox Cinema FedEx OnSite Postal Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Jami L. Andrews, RPh — 555 19th Ave, Moline, IL 61265
    • Katherine King, PharmD — 555 19th Ave, Moline, IL 61265
    • Brian J. Roseman, PharmD — Moline, IL 61265
    • Jewel-Osco Pharmacy — 2010 1st Street A, Moline, IL 61265
    • New Style Scalp Micropigmentation Illinois — 111 19th Ave Suite 5, Moline, IL 61265

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.5291
    Latitude
    41.4935

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    FAQs

    What type of property is this?
    Drug store - NNN leased Walgreens with over 8 years remaining on primary term.
    Where is this drug store located?
    The property is located at 555 19th Ave Moline, IL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: NNN lease – No landlord responsibilities; Successful operating history since 2002 with a long‑term extension; Walgreens is ranked #28 on the Fortune 500 list for total revenue (2025)
    (847) 562-8500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Randy Blankstein
    Randy Blankstein
    Real Estate License ID: IL 471007006
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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