Property Details

Walgreens

Rock Island, IL
Property ID: 14426

Financial Summary

Asking Price $3,400,000
Cap Rate 6.25%
Net Operating Income (NOI) $212,500
Lease Type NN

Offering Memorandum

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Contact

Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
703.288.2700
Andrew Wilmoth
Senior Associate
865.474.8786

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Highlights

  • Low rent/SF Walgreens with 7 years remaining
  • Low price point for fee simple Walgreens
  • Hard corner signalized intersection with 20,400K+ VPD
  • Excellent ingress and egress onto busy 31st Avenue and 11th Street
  • COVID-19 resistant tenant
  • Located less than a mile from Trinity Hospital and Medical Center

Location

3100 11th Street
Rock Island, IL

Leigh ClineWalgreens