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Restaurant

Village Inn | Extremely Strong Performer | Absolute NNN

2001 1st Street A, Moline, IL 61265

Listing Price: $1,450,000

Cap Rate
6.50%
Tenant Name
Village Inn
Years Remaining On Lease
2.6
Guarantor
Corporate Guarantee
Rentable SF
5,479
Lease Type
Absolute Net
Rent Per Square Feet
$17.14

Investment Overview

• Village Inn | Extremely High Preforming Location | Ranks Top 10% Nationally Per Placer.Ai • Massive Reported Store Sales | Historical Average Store Sales Have Exceeded $2.1m | Village Inn Does Not Sell Alcohol/Liquor • Absolute NNN Lease Structure | Zero Landlord Responsibilities • Over 2.5-Years Remaining on Current Term | 10% Bump In Next Option | Four 5-Year Options Remaining • Corporate Run Location | Village Inn has Over 122 Locations Across the U.S. • Village Inn Recently Acquired by BBQ Holdings (NYSE: BBQ) | Over 390 Restaurants Across 9 Brands • Currently Paying Modest/Cheap Base Rent of $11.66/SF + Percentage Rent Based on Reported Sales • Situated On Large 1.03 Acre Parcel | 5,479 SF Build-To-Suit Location from 1981 | Has Been Extensively Renovated Over Time • Long Standing Location with Over 41-Years of Operating History • Dense & Mature Demographics Cater Extremely Well to Tenant | Population Counts of 16,572 Residents within 1-Mile Radius, 69,907 within 3-Miles & 167,445 Residents within 5-Miles • True Irreplaceable Real Estate | Shadowed by Jewel-Osco | Other Major Retailers Nearby Include O’Reilly Auto Parts, AutoZone, UnityPoint, Family Dollar, Aldi, Verizon, Hy-Vee, Walgreens, McDonald’s, Wendy’s, and Hardee’s • Part of the Quad Cities Metropolitan Area | Total Population Count of Over 474,937

Investment Highlights

  • Village Inn | Extremely High Preforming Location | Ranks Top 10 Percent Nationally Per Placer.Ai
  • Massive Reported Store Sales | Historical Average Store Sales Have Exceeded $2.1m | Village Inn Does Not Sell Alcohol/Liquor
  • Absolute NNN Lease Structure | Zero Landlord Responsibilities
  • Over 2.5-Years Remaining on Current Term | 10 Percent Bump In Next Option | Four, Five-Year Options Remaining
  • Corporate Run Location | Village Inn has Over 122 Locations Across the U.S.
  • Village Inn Recently Acquired by BBQ Holdings (NYSE: BBQ) | Over 390 Restaurants Across Nine Brands
  • Currently Paying Modest/Cheap Base Rent of $11.66/SF + Percentage Rent Based on Reported Sales
  • Dense and Mature Demographics Cater Extremely Well to Tenant | Population Counts of 16,572 Residents within One-Mile Radius, 69,907 within Three-Miles & 167,445 Residents within Five-Miles

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Restaurant

Village Inn | Extremely Strong Performer | Absolute NNN

Listing Price: $1,450,000

Cap Rate
6.50%
Tenant Name
Village Inn
Years Remaining On Lease
2.6
Guarantor
Corporate Guarantee
Rentable SF
5,479
Lease Type
Absolute Net
Rent Per Square Feet
$17.14

Investment Highlights

  • Village Inn | Extremely High Preforming Location | Ranks Top 10 Percent Nationally Per Placer.Ai
  • Massive Reported Store Sales | Historical Average Store Sales Have Exceeded $2.1m | Village Inn Does Not Sell Alcohol/Liquor
  • Absolute NNN Lease Structure | Zero Landlord Responsibilities
  • Over 2.5-Years Remaining on Current Term | 10 Percent Bump In Next Option | Four, Five-Year Options Remaining
  • Corporate Run Location | Village Inn has Over 122 Locations Across the U.S.
  • Village Inn Recently Acquired by BBQ Holdings (NYSE: BBQ) | Over 390 Restaurants Across Nine Brands
  • Currently Paying Modest/Cheap Base Rent of $11.66/SF + Percentage Rent Based on Reported Sales
  • Dense and Mature Demographics Cater Extremely Well to Tenant | Population Counts of 16,572 Residents within One-Mile Radius, 69,907 within Three-Miles & 167,445 Residents within Five-Miles

Investment Overview

• Village Inn | Extremely High Preforming Location | Ranks Top 10% Nationally Per Placer.Ai • Massive Reported Store Sales | Historical Average Store Sales Have Exceeded $2.1m | Village Inn Does Not Sell Alcohol/Liquor • Absolute NNN Lease Structure | Zero Landlord Responsibilities • Over 2.5-Years Remaining on Current Term | 10% Bump In Next Option | Four 5-Year Options Remaining • Corporate Run Location | Village Inn has Over 122 Locations Across the U.S. • Village Inn Recently Acquired by BBQ Holdings (NYSE: BBQ) | Over 390 Restaurants Across 9 Brands • Currently Paying Modest/Cheap Base Rent of $11.66/SF + Percentage Rent Based on Reported Sales • Situated On Large 1.03 Acre Parcel | 5,479 SF Build-To-Suit Location from 1981 | Has Been Extensively Renovated Over Time • Long Standing Location with Over 41-Years of Operating History • Dense & Mature Demographics Cater Extremely Well to Tenant | Population Counts of 16,572 Residents within 1-Mile Radius, 69,907 within 3-Miles & 167,445 Residents within 5-Miles • True Irreplaceable Real Estate | Shadowed by Jewel-Osco | Other Major Retailers Nearby Include O’Reilly Auto Parts, AutoZone, UnityPoint, Family Dollar, Aldi, Verizon, Hy-Vee, Walgreens, McDonald’s, Wendy’s, and Hardee’s • Part of the Quad Cities Metropolitan Area | Total Population Count of Over 474,937

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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