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Village Inn

2001 1st Street A, Moline, IL 61265

$1,295,000

Cap Rate 7.25%

Views: 110 DOM: 91 Updated: 08.14.24 Posted: 06.20.24 Status: Active

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 0.6
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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Listing Broker

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