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Dark KFC 2943 18th Ave 2,300 SF Retail Building Rock Island, IL 61201 $1,397,142 ($607.45/SF) 7% Cap Rate
Investment Highlights
- Absolute NNN lease with ±8 years remaining and zero landlord responsibilities.
- ±2,100 SF building on a ±0.29-acre lot with drive-thru and 20 parking spaces.
- 10% rent escalations every 5 years; next increase scheduled for April 2029.
- Priced at $1,397,142 with a 7.00% cap rate and $97,795 annual NOI.
- Located in the Quad Cities, a major Midwest manufacturing and logistics hub.
- Anchored by strong regional employers and a stable, affordable market.
Executive Summary
Broker of Record
Matthew M. Fitzgerald
License # 478027547, 471021676 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Matthew M. Fitzgerald
License # 478027547, 471021676 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,300 SF
Building Class
B
Year Built
1994
Price
$1,397,142
Price Per SF
$607.45
Cap Rate
7%
NOI
$97,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.29 AC
Zoning
RI
Parking
17 Spaces (7.39 Spaces per 1,000 SF Leased)
Frontage
68’ on 18th ave
Amenities
- Corner Lot
- Drive Thru
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-01-159-005 | Improvements Assessment | $209,040 |
| Land Assessment | $32,372 | Total Assessment | $241,412 |
Property Taxes
Parcel Number
16-01-159-005
Land Assessment
$32,372
Improvements Assessment
$209,040
Total Assessment
$241,412
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Dark KFC | 2943 18th Ave
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