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Village Inn

2001 1st Street A, Moline, IL 61265

$1,295,000

Cap Rate 7.25%

Views: 152 Updated: 11.14.24 Posted: 06.20.24 Status: Inactive 11.14.24

Summary

Price $1,295,000
Built/Renov 1981
Tenant Village Inn
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 5,479
Lease Start 03-10-1981
#Units 116
Price/SF $236.36
Expiration 03-31-2025
Tenant Type Casual Dining
NOI $93,888
R. Term 0.4
Ownership Fee Simple
Rent/SF $17.14
Increases 10.0%/1/yrs
Pop 5Mi 164,547
Lot/AC 1.03
Options 4/5yrs/10%
AHHI 5Mi $196,233

Edward Kemp
RIPCO Real Estate
Contact

Ari Ravi
RIPCO Real Estate
Contact

Nathan Timmons
RIPCO Real Estate
Contact

Lease Highlights

  • Village Inn has been operating in this location for over 40 years
  • The tenant has less than 1 year remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Village Inn is strategically located at the signalized, hard corner intersection of 1st Street A and 19th Avenue, with access to a combined daily traffic count of 12,700 vehicles. This prime location ranks in the top 10% nationally (Placer.ai) with a strong historical sales and operating history. Additionally, the property is surrounded by well-known national tenants including O'Reilly,...

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Key Features

  • Build to suit

  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Strong demographics

  • Major MSA

  • Long operation history

  • Absolute NNN

  • Corporate Guarantee

  • Publicly traded company

    • ...

Links

Village Inn Wikipedia Village Inn Wikipedia Moline, Illinois Zip Code 61265 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Village Inn
  • Guarantor:Corp Traded
  • Company:Amercian Blue Ribbon Holdings
  • # Units:116
  • Stock: TSX: MTY

About Tenant

Village Inn is a casual dining chain that was originally known for their made-from-scratch buttermilk pancakes. Established in 1958, the first location opened its doors in Denver, Colorado. Since...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 14,592 66,997 159,909
2024 Total Population : 15,126 68,789 162,689
2024 Employed Civilian Pop : 7,793 33,836 80,829
2024 Total Businesses : 254 3,174 6,670
2024 Average Household Income : $ 77,141 $ 79,148 $ 80,029
2024 Total Consumer Spending : $ 456 M $ 2091 M $ 4984 M
2024 Median Age : 40 39 39
2024 Total Households : 6,662 29,715 70,209
2024 Pop Age 25+: Bachelor's Degree : 1,839 8,075 20,641
2024 Average Home Value : $ 147,083 $ 180,020 $ 190,502
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
19th Ave 1st St 2004 15,300 0.11 mi
19th Ave 1st StA 2004 15,300 0.11 mi
18th Ave 46th St 2010 15,500 0.14 mi
19th Avenue 2nd St 2018 15,000 0.15 mi
18th Ave 44th St 2004 15,300 0.21 mi
18th Ave 44th St 2004 15,600 0.25 mi
44th St 22nd Ave 2010 750 0.26 mi
45th St 23rd Ave 2004 700 0.29 mi
19th Ave 4th St 2010 14,600 0.30 mi
23rd Ave 44th St 2010 750 0.31 mi

Listing Broker

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