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3919-3925 38th St
Moline, IL 61265
Popeye's, Great Clips, US Cellular · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Building Size
7,840 SF
Building Class
B
Year Built
2017
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.35 AC
Zoning
MOL
Parking
24 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
263’ on 40th ave

ABOUT 3919-3925 38TH ST , MOLINE, IL 61265

The 7,763 square foot building is ideally located at the corner of a signalized intersection just off of John Deere Road (45,700 VPD). The property is a shadow strip center to Walmart Supercenter and Lowe’s. Other retailers in the immediate area include Menards, Sam’s Club, Target, Kohl’s, Hy-Vee, Regal Cinemas and SouthPark Mall which is anchored by Dick's Sporting Goods, Dillard's, JCPenney, and Von Maur. The property is also located in close proximity to the John Deere World Headquarters and The Trinity Medical Center (236 Beds). Additionally, the property is located just off of Interstate 74 and is near the Quad City International Airport. The Popeye’s lease is guaranteed by HZ Ops Holdings Inc. which is a subsidiary of The Dhanani Group. HZ Ops Holdings Inc. contains approximately 250 units. Dhanani Group which is 100% family owned and operated. The group is one of the largest Burger King franchisees, with more than 500 locations nationwide and is also a large franchisee of Popeyes. Its restaurant revenues were $1.1 billion in 2016, one of only three franchisee groups to break the billion-dollar mark, according to trade publication Franchise Times. The group also runs close to 200 convenience stores, pushing its total revenues above $2 billion. The US Cellular store is operated by a subsidiary of corporate and the Great Clips store is operated by an 11 unit operator.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-15-102-126
Land Assessment
$116,598
Improvements Assessment
$365,805
Total Assessment
$482,403
  • Listing ID: 14688391

  • Date on Market: 12/21/2018

  • Last Updated:

  • Address: 3919-3925 38th St, Moline, IL 61265

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