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Quad City Dental Laboratory

3800 29th Street, Moline, IL 61265

$371,632

Cap Rate 10.00%

Views: 65 DOM: 48 Updated: 09.15.24 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 2.1
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

Doug Passon
Fortis Net Lease
Contact

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 escalations 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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Key Features

  • In location for years

  • Near major nationals

  • Strategically located

  • Freeway close

  • Strong demographics

  • Major MSA

  • Long operation history

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...

Links

Quad City Dental Laboratory Wikipedia Moline, Illinois Zip Code 61265 Broker Site Page

Documents

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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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Listing Broker

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