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4100 4th Ave
Moline, IL 61265
Retail Property For Sale
Property Facts
About 4100 4TH AVE , MOLINE, IL 61265
The subject property is a single tenant net leased building located along a busy retail corridor in Moline, IL. The property is leased to Generations Bar & Grill which has occupied the site since 2010. The lease is an absolute NNN lease and currently has 12 years remaining on an original 15 year term. There are 2% annual increases. The property is being offered at an 11% cap rate at a low price per square foot ($99/sf) based off the current annual rent of $31,212. The property is located along 4th Avenue with traffic counts of 13,392 cars per day. The five mile population is over 156,000 residents and the one mile median household income is over $43,000 annually. The subject property presents a unique opportunity for an investor to acquire a high yielding property at a low replacement cost.
Property Taxes
| Parcel Number | 08-34-216-001 | Improvements Assessment | $81,391 |
| Land Assessment | $29,110 | Total Assessment | $110,501 |
Property Taxes
