Auto Parts
Caliber Collision | 7.42% Blended Cap | NN 8+ Yrs | $400k in Renovations | Quad Cities Metro (IL)
3912 17th St, East Moline, IL 61244
Listing Price: $2,858,978
Cap Rate
6.85%
Tenant Name
Caliber Collison
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
18,000
Lease Type
Double Net
Rent Per Square Feet
$10.88
Investment Overview
Marcus & Millichap is pleased to bring to market Caliber Collison located in East Moline, Illinois. Caliber Collision is being offered for $2,858,978.
Caliber Collision | 7.42% Blended Cap | NN 8+ Yrs | $400k in Renovations | Quad Cities Metro (IL)
Investment Highlights
- Approximately Eight Plus Years Remaining on a Double-Net Lease | Minimal Landlord Responsibilities
- Lease is Corporately Guaranteed by Caliber Collision (Moody's: B2 Credit Rated)
- Over $400,000 in Recent Renovations Include Parking Lot Resurfacing, New HVAC and New LED Lighting in 2022 | The Roof was Also Inspected and Re-Coated in 2022
- 2 Percent Annual Rental Increases in the Base Term and in Each of Two, Five-Year Renewal Options
- Situated Along the Main Retail Corridor of East Moline, Adjacent to a Large Car Dealership | Over 14,500 Vehicles per Day Along Avenue of the Cities
- Located Near Multiple National Tenants Such as Walgreens, AutoZone, Hy-Vee, McDonald's, Walmart Supercenter, Burger King, KFC, O'Reilly Auto Parts and More
- East Moline is Part of the Quad Cities Metropolitan Area Along the Iowa, Illinois Border | Total Population Exceeds 381,000 | 140 Miles from Downtown Chicago
- Strong Demographics: Population Exceeds 88,400 Within Five-Miles | Daytime Population of Over 94,700
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Financing By
Auto Parts
Caliber Collision | 7.42% Blended Cap | NN 8+ Yrs | $400k in Renovations | Quad Cities Metro (IL)
Listing Price: $2,858,978
Cap Rate
6.85%
Tenant Name
Caliber Collison
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
18,000
Lease Type
Double Net
Rent Per Square Feet
$10.88
Investment Highlights
- Approximately Eight Plus Years Remaining on a Double-Net Lease | Minimal Landlord Responsibilities
- Lease is Corporately Guaranteed by Caliber Collision (Moody's: B2 Credit Rated)
- Over $400,000 in Recent Renovations Include Parking Lot Resurfacing, New HVAC and New LED Lighting in 2022 | The Roof was Also Inspected and Re-Coated in 2022
- 2 Percent Annual Rental Increases in the Base Term and in Each of Two, Five-Year Renewal Options
- Situated Along the Main Retail Corridor of East Moline, Adjacent to a Large Car Dealership | Over 14,500 Vehicles per Day Along Avenue of the Cities
- Located Near Multiple National Tenants Such as Walgreens, AutoZone, Hy-Vee, McDonald's, Walmart Supercenter, Burger King, KFC, O'Reilly Auto Parts and More
- East Moline is Part of the Quad Cities Metropolitan Area Along the Iowa, Illinois Border | Total Population Exceeds 381,000 | 140 Miles from Downtown Chicago
- Strong Demographics: Population Exceeds 88,400 Within Five-Miles | Daytime Population of Over 94,700
Investment Overview
Marcus & Millichap is pleased to bring to market Caliber Collison located in East Moline, Illinois. Caliber Collision is being offered for $2,858,978.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Financing By
