Current Use by Public Records
- Quad City Dental Lab / Dental Office
Property Details for 3800 29Th St
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This fee-simple industrial property in Moline, Illinois, offers a compelling investment opportunity. The 2,930-square-foot building is currently 100% occupied by Quad City Dental Laboratory under a five-year absolute NNN lease expiring November 14, 2026, with one five-year renewal option. The lease includes a corporate guarantee and features 2% annual rent bumps, ensuring consistent income growth. The property boasts a strong 10% cap rate and a net operating income (NOI) of $37,163, making it an attractive proposition for passive investors seeking a stable, appreciating asset. The asking price is $371,632, or $126.84 per square foot. The building is strategically located at 3800 29th St, Moline, IL 61265, benefiting from high traffic counts on 29th Street (10,000+ vehicles per day) and proximity to I-74 (36,000+ vehicles per day). The surrounding area demonstrates strong demographics, with over 157,093 residents and 64,275 households within a five-mile radius. The median home value within three miles exceeds $222,249, and the average household income within five miles surpasses $83,826. This property is ideally suited for a 1031 exchange buyer.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.4975
- Latitude
- 41.4759
