2001 1st Street a | Moline, IL 61265
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- LoopNet Team
2001 1st Street a
Moline, IL 61265
Village Inn · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with no Landlord Responsibilities
- 4.86% Rent To Sales (Includes Base Rent and % Rent)
- High-performing, corporate operated Village Inn with historic sales above $2.1 million.
- 1 year of term remaining on the current lease, with 10% bump in next option, and four, 5-year options to extend
- Additional income potential through percentage rent structure over 5% over a breakpoint of $1,400,000
- Tenant since 1981 (42 Years), demonstrating a strong commitment to the site
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,479 SF
Year Built
1981
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.00 AC
Zoning
MOL
Parking
57 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
235’ on 1st Street A
PROPERTY TAXES
| Parcel Number | 17-06-401-002 | Improvements Assessment | $259,284 |
| Land Assessment | $134,061 | Total Assessment | $393,345 |
PROPERTY TAXES
Parcel Number
17-06-401-002
Land Assessment
$134,061
Improvements Assessment
$259,284
Total Assessment
$393,345
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