800 42Nd Avenue DrMoline, IL 61265

Property Details for 800 42Nd Avenue Dr

Year built

1996

Construction

FRAME

Property size (Sq ft)

80,384 SF

Zone code

MOL

Property type

Commercial real estate

APN

17-17-103-003

APU

1717103003

Description

This exceptional investment opportunity presents a brand-new, 20-year ground lease for a McDonald's restaurant located at 800 42nd Ave Dr, Moline, IL 61265. The property, built in 2024, encompasses approximately 3,983 square feet on a 0.96-acre lot and features a double drive-thru. This is a relocation store, demonstrating strong market viability. The absolute NNN lease, commencing August 22, 2024, and expiring August 21, 2044, includes a corporate guarantee from McDonald's USA, LLC. Rent increases of 10% every five years are built into the lease, ensuring significant long-term yield growth. The property boasts a 4.00% cap rate and a current NOI of $81,996. With 31 parking spaces and a prime location as an outparcel to Target and Kohl's, this property benefits from high traffic volume and strong demographics. The 3-mile radius boasts over 53,000 residents with an average household income exceeding $94,000 within one mile. The property is zoned C-Commercial and has four, five-year lease options. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a blue-chip tenant in a thriving retail corridor. The asking price is $2,050,000, representing a price per square foot of $514.69.

• Alternative Use

  Use

  Valuation

  Residential

  $16,613,274

  Hospitality

  $15,217,670

  Educational

  $12,660,923

  Medical

  $13,096,351

  Retail

  $19,694,768

Location Insight

City

Moline

County

Rock Island

State

Illinois

Latitude

41.4694

Longitude

-90.5258

CBSA code

19340

CBSA name

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

Property Tax & Assessments

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