Investment Overview

Marcus & Millichap is pleased to present for sale this Net Leased Dollar Tree located at 3100 11th Street in Rock Island, Illinois, just south of the Illinois and Iowa border. The property features a 13,656-square-foot free-standing building, previously occupied by Walgreens and recently retrofitted for Dollar Tree, situated on a 1.56- acre parcel of land. Located on the hard signalized intersection of 31st Avenue and U.S Highway 67, the property benefits from great visibility to more than 17,412 vehicles per day. The property also boasts excellent accessibility with multiple points of ingress and egress. The surrounding area features a strong mix of national retailers, including McDonald’s, Dollar General, O’Reilly’s Auto Parts, Circle K, 7-Eleven, and numerous others. Additionally, the property is conveniently located near numerous apartment complexes and is less than one mile from UnityPoint Health - Trinity Rock Island Hospital, a full-service facility with 276 beds. Rock Island, the county seat of Rock Island County, Illinois, is a city located at the confluence of the Rock River and the Mississippi River. It is part of the Quad Cities, alongside neighboring Moline and East Moline in Illinois, as well as Davenport and Bettendorf in Iowa. The city is home to the Rock Island Arsenal, the largest government-owned weapons manufacturing arsenal in the United States, employing over 6,000 people. Other major employers in Rock Island include Honeywell Safety Products, Modern Woodmen of America, Augustana College, Jumer’s Casino & Hotel, and the Rock Island Arsenal. The subject property was retrofitted for Dollar Tree in 2023, coinciding with execution of a brand-new 10-year lease, which commenced on January 2nd, 2024. The lease runs through January 2034 and features three five-year options to renew. Dollar Tree offers a broad and exciting selection of consumable, variety, and seasonal merchandise, featuring many trusted national and regional brands. Product departments include housewares, glassware, cleaning supplies, candy, snacks, food, health and beauty items, toys, gifts, party supplies, craft and teaching materials, books, seasonal décor, and more. Ranked #137 on the Fortune 500 list, Dollar Tree, Inc. encompasses two iconic brands—Dollar Tree and Family Dollar—providing value and convenience through complementary businesses. With over 63 years of service across North America, Dollar Tree, Inc. delivers quality merchandise, unbeatable value, and a fun shopping experience. The company operates more than 15,500 stores across 48 U.S. states and five Canadian provinces, supported by a team of over 200,000 associates.