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Views: 123 DOM: 145 Updated: 10.30.24 Posted: 07.30.24 Status: Active

Summary

Price $371,632
Built/Renov 1987
Tenant Quad City Dental Laboratory
Cap Rate 10.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,913
Lease Start 11-15-2021
#Units 1
Price/SF $127.58
Expiration 11-14-2026
Tenant Type Medical/Health
NOI $37,163
R. Term 1.10
Ownership Fee Simple
Rent/SF $12.76
Increases 0.0%/0/yrs
Pop 5Mi 130,909
Lot/AC 0.30
Options 1/5yrs/2%
AHHI 5Mi $74,037

Lease Highlights

  • Quad City Dental Laboratory has been operating in this location for over 20 years
  • The tenant has 2 years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features 2% annual rental increases throughout the initial term and option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Quad City Dental Laboratory is strategically located on 29th Street, with access to 10,000 vehicles passing by daily. The property is conveniently situated just off I-74 (36,000 VPD) and is surrounded by well-known national tenants, including 7-Eleven, JCPenney, Buffalo Wild Wings, and more. Additionally, it is within proximity to the South Park Mall. The 5-mile trade area supports a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Quad City Dental Laboratory (QCDL) is a full-service dental laboratory providing high-quality fixed, removable, and implant restorations. Known for their expertise in crafting full dentures, cast...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,415 54,175 125,979
2024 Total Population : 5,618 56,007 129,074
2024 Employed Civilian Pop : 2,825 27,902 63,335
2024 Total Businesses : 419 2,297 4,830
2024 Average Household Income : $ 93,511 $ 84,059 $ 83,609
2024 Total Consumer Spending : $ 208 M $ 1856 M $ 4158 M
2024 Median Age : 44 41 40
2024 Total Households : 2,511 24,892 56,113
2024 Pop Age 25+: Bachelor's Degree : 770 7,339 16,026
2024 Average Home Value : $ 187,923 $ 171,883 $ 190,291
*ESRI data is presented for informational purposes only

Listing Broker

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