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2627 7th Ave
Rock Island, IL 61201
Save-A-Lot · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Recently Signed 10-Year Corporate Lease
- Upgraded Plus-Size Prototype Format (±15,108 SF)
- Over 170,000 residents within a 5-mile radius
- NN+ Lease – Minimal Landlord Responsibilities
- Located in the Davenport–Moline–Rock Island MSA
- Walking distance to dense apartment clusters including Cody Apartments, Goldman Lofts, The Heritage, and Peterson Paper Lofts
EXECUTIVE SUMMARY
AMC Real Estate Investment Services is pleased to present the opportunity to acquire a newly renovated, freestanding Dollar General Market located at 625 26th Street, Rock Island, Illinois. This ±15,108 SF prototype store sits on a generous 1.79-acre parcel and is backed by a recently signed 10-year corporate NN+ lease with Dollar General, a Fortune 500 company with over 21,000 locations nationwide.
Strategically positioned in the heart of the Quad Cities MSA (Davenport–Moline–Rock Island, IA–IL), this asset benefits from proximity to major regional employers including Rock Island Arsenal (6,300+ jobs), UnityPoint Health – Trinity (6,000+ employees), and John Deere’s World Headquarters (6,700 employees). The property is surrounded by dense residential and multifamily developments and enjoys strong visibility with combined traffic counts exceeding 30,000 VPD along Route 92 and 7th Avenue.
This location features a plus-size market format, offering expanded grocery and fresh food selections tailored to the community’s needs. The NN+ lease structure offers minimal landlord responsibilities, with the tenant covering taxes, insurance, HVAC, and CAM reimbursements, while the landlord is only responsible for roof and parking lot replacement.
With built-in 10% rental increases during each of the three (3) five-year option periods and a recession-resistant tenant, this offering presents a secure, long-term cash flow opportunity in a growing Midwest market.
Strategically positioned in the heart of the Quad Cities MSA (Davenport–Moline–Rock Island, IA–IL), this asset benefits from proximity to major regional employers including Rock Island Arsenal (6,300+ jobs), UnityPoint Health – Trinity (6,000+ employees), and John Deere’s World Headquarters (6,700 employees). The property is surrounded by dense residential and multifamily developments and enjoys strong visibility with combined traffic counts exceeding 30,000 VPD along Route 92 and 7th Avenue.
This location features a plus-size market format, offering expanded grocery and fresh food selections tailored to the community’s needs. The NN+ lease structure offers minimal landlord responsibilities, with the tenant covering taxes, insurance, HVAC, and CAM reimbursements, while the landlord is only responsible for roof and parking lot replacement.
With built-in 10% rental increases during each of the three (3) five-year option periods and a recession-resistant tenant, this offering presents a secure, long-term cash flow opportunity in a growing Midwest market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,108 SF
Building Class
C
Year Built
1958
Price
$1,150,000
Price Per SF
$76.12
Cap Rate
7.83%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.72
Lot Size
0.48 AC
Zoning
RI
Frontage
718’ on 27th Street
PROPERTY TAXES
| Parcel Number | 07-36-312-008 | Improvements Assessment | $58,968 |
| Land Assessment | $65,611 | Total Assessment | $124,579 |
PROPERTY TAXES
Parcel Number
07-36-312-008
Land Assessment
$65,611
Improvements Assessment
$58,968
Total Assessment
$124,579
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