Auto Parts
Advance Auto Parts
3813 18th Ave, Rock Island, IL 61201
Listing Price: $1,451,000
Investment Overview
Marcus & Millichap is pleased to present the fee simple interest in a 7,000-square-foot Advance Auto Parts located at 3813 18th Ave. in Rock Island, Illinois. The property is leased on a double-net (NN) basis to Advance Stores Company, Inc., with approximately 10 years of firm term remaining, expiring December 31, 2035.
The lease features three five-year renewal options with fixed rent increases of 18 percent, seven percent and six percent, respectively, providing durable income and option-period growth. Landlord obligations are limited to structural elements (slab and foundation). There is no ROFR/ROFO, preserving flexibility for future dispositions or recapitalizations.
Situated within the Quad Cities — a regional hub anchored by manufacturing, healthcare, education, logistics and the Rock Island Arsenal — the location benefits from stable, year-round demand for auto parts and service-oriented retail. The 2006 construction on 0.84 acres and a rent level of $14.82 per square foot support long-term tenancy fundamentals.
Advance Auto Parts
Investment Highlights
- Over 10 Years of Firm Term Remaining Plus Three (3) Five-Year Renewal Options
- 18 Percent Rent Increase in Renewal Option One | 7 Percent in Renewal Option Two | 6 Percent in Renewal Option Three
- Double Net (NN) Lease With Limited LL Responsibilities (Structural: Slab and Foundation) | No ROFR/ROFO
- Corporately Operated by Advance Stores Company, Inc.
- Quad Cities Location (Rock Island, IL): Bi-State Metro With Diversified Demand Drivers (Rock Island Arsenal, Healthcare, Education) and Access to Interstates 74, 80, 88 and 280
- Daily-Needs Corridor on 18th Avenue Serving Nearby Neighborhoods, Workers and Commuters — Ideal for Automotive Aftermarket Retail
Exclusively Listed By
Listing Price: $1,451,000
Investment Highlights
- Over 10 Years of Firm Term Remaining Plus Three (3) Five-Year Renewal Options
- 18 Percent Rent Increase in Renewal Option One | 7 Percent in Renewal Option Two | 6 Percent in Renewal Option Three
- Double Net (NN) Lease With Limited LL Responsibilities (Structural: Slab and Foundation) | No ROFR/ROFO
- Corporately Operated by Advance Stores Company, Inc.
- Quad Cities Location (Rock Island, IL): Bi-State Metro With Diversified Demand Drivers (Rock Island Arsenal, Healthcare, Education) and Access to Interstates 74, 80, 88 and 280
- Daily-Needs Corridor on 18th Avenue Serving Nearby Neighborhoods, Workers and Commuters — Ideal for Automotive Aftermarket Retail
Investment Overview
Marcus & Millichap is pleased to present the fee simple interest in a 7,000-square-foot Advance Auto Parts located at 3813 18th Ave. in Rock Island, Illinois. The property is leased on a double-net (NN) basis to Advance Stores Company, Inc., with approximately 10 years of firm term remaining, expiring December 31, 2035. The lease features three five-year renewal options with fixed rent increases of 18 percent, seven percent and six percent, respectively, providing durable income and option-period growth. Landlord obligations are limited to structural elements (slab and foundation). There is no ROFR/ROFO, preserving flexibility for future dispositions or recapitalizations. Situated within the Quad Cities — a regional hub anchored by manufacturing, healthcare, education, logistics and the Rock Island Arsenal — the location benefits from stable, year-round demand for auto parts and service-oriented retail. The 2006 construction on 0.84 acres and a rent level of $14.82 per square foot support long-term tenancy fundamentals.
Exclusively Listed By
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