3100 11Th St Rock Island, IL 61201

Property Details for 3100 11Th St

Year built

1996

Lot size

1.56 lot acres

Property size

13,802 SF

Zone code

RI

Property type

Commercial real estate

APN

16-11-301-056

APU

1611301056

Description

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.

Location Insight

City

Rock Island

County

Rock Island

State

Illinois

Longitude

-90.5837

Latitude

41.4791

CBSA code

19340

CBSA name

DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments