Walgreens NNN Property For Sale — Moline, IL
19th Avenue and 7th Street, Moline, IL
This Walgreens property offers an exceptional investment opportunity in Moline, Illinois, strategically located within the vibrant Quad Cities MSA. Walgreens has a proven operational history at this site since 2002, demonstrating a strong commitment through a long-term lease extension. The lease is absolute triple net, providing for no landlord responsibilities, and extends through February 2034, with over 8 years remaining on the term, plus seven 5-year renewal options. The 14,392-square-foot building is prominently situated at a signalized intersection of 19th Avenue and 7th Street, benefiting from a combined traffic count of 23,700 vehicles per day. The location offers convenient access to Interstate 74, which sees 78,100 vehicles per day. The property is located in a densely populated…
- Address: 19th Avenue and 7th Street, Moline, IL
- Asking price $4.00M
- 8.25% cap rate
- NOI $330,000
- 8 years remaining
- NNN lease
- Year built: 2002
- Building size: 14,392 SF
- Lot size: 1.69 acres
- Lease expiration: Feb 28, 2034
- Rent increases: Flat
- Guarantor: Corporate
Location
This Walgreens property is at 19th Avenue and 7th Street in Moline, Illinois.
Asset type: Retail Pharmacy