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Quillin's 808 S Main St 12,400 SF Retail Building Monona, IA 52159 $552,000 ($44.52/SF) 8.40% Cap Rate
Investment Highlights
- Bite-Sized Price Point | M-T-M Lease | Cheap Rent-to-square foot
- Located in the Heart of Monona | Minimal Competition
- NN+ Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
The tenant, Quillin’s, is set to vacate in January 2026, creating a unique opportunity for investors. The current lease is on a month-to-month basis, with Quillin’s paying well below market rents at an average of $3.74 per square foot. This offers significant upside potential for investors to either redevelop the site or reposition it with a new tenant at market rates.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,400 SF
Building Class
C
Year Built
1988
Price
$552,000
Price Per SF
$44.52
Cap Rate
8.40%
NOI
$46,342
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.99 AC
Parking
56 Spaces (4.52 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Monument Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 12,400 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 12,400 SF | Retail | - | Now |
1st Floor
| Size |
| 12,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Property Taxes
| Parcel Number | 22-36-14-436-001 | Improvements Assessment | $468,919 |
| Land Assessment | $72,358 | Total Assessment | $541,277 |
Property Taxes
Parcel Number
22-36-14-436-001
Land Assessment
$72,358
Improvements Assessment
$468,919
Total Assessment
$541,277
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Quillin's | 808 S Main St
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