3100 11Th St, Rock Island, IL 61201

This exceptional investment opportunity presents a fee-simple ownership of a 13,656 square foot, single-story retail building situated on a 1.53-acre lot in Rock Island, Illinois. The property, completely renovated in 2023, is currently 100% occupied by a Dollar Tree store under a Net Lease (NN+) agreement with a corporate guarantee. The lease commenced November 16, 2023, and has a remaining term of approximately 9.4 years, extending to February 28, 2034, with three, five-year renewal options, each including a rent increase of $6,952.50 ($0.51/SF). The property boasts a strong 7.50% cap rate and a Net Operating Income (NOI) of $166,860. Located at a high-traffic, four-way signalized intersection on 3100 11th St, 61201, the property benefits from excellent visibility and accessibility. The surrounding area features a dense population, with approximately 123,154 residents within a five-mile radius and 276,993 within ten miles, exhibiting an average household income exceeding $106,131 annually within a ten-mile radius. Daily traffic counts at the intersection reach 16,268 vehicles. Strong co-tenancy includes national brands such as McDonald's, O'Reilly Auto Parts, USPS, Dollar General, Conoco, and Shell. The asking price for this exceptional investment is $2,224,800. This property offers a compelling combination of a strong tenant, favorable lease terms, and a prime location, making it an ideal addition to any portfolio. The building was constructed in 1996 and underwent a complete renovation in 2023.