800 42Nd Avenue DrMoline, IL 61265

For Sale
$2,050,000

High-yield McDonald's NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, 20-year ground lease for a McDonald's restaurant located at 800 42nd Ave Dr, Moline, IL 61265. The property, built in 2024, encompasses approximately 3,983 square feet on a 0.96-acre lot and features a double drive-thru. This is a relocation store, demonstrating strong market viability. The absolute NNN lease, commencing August 22, 2024, and expiring August 21, 2044, includes a corporate guarantee from McDonald's USA, LLC. Rent increases of 10% every five years are built into the lease, ensuring significant long-term yield growth. The property boasts a 4.00% cap rate and a current NOI of $81,996. With 31 parking spaces and a prime location as an outparcel to Target and Kohl's, this property benefits from high traffic volume and strong demographics. The 3-mile radius boasts over 53,000 residents with an average household income exceeding $94,000 within one mile. The property is zoned C-Commercial and has four, five-year lease options. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a blue-chip tenant in a thriving retail corridor. The asking price is $2,050,000, representing a price per square foot of $514.69.

Highlights

  • Relocation McDonald's with a brand-new 20-year lease, demonstrating strong market viability.
  • Absolute NNN ground lease; no landlord responsibilities.
  • Corporate guarantee from McDonald's USA, LLC, with a BBB+ S&P rating.
  • High-performing McDonald's location; $25.5B in 2023 revenue and $3.4M average unit volume.
  • Lease includes three 10% rent increases over the term.
  • Brand-new construction with a double drive-thru.

Property Details for 800 42Nd Avenue Dr

Property type
Other retail properties, Restaurants
Square Feet
3,983 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
41,818 SF
Units
1

Location Insight

City
Moline
County
Rock Island
State
Illinois
Latitude
41.470541774104
Longitude
-90.526999656611
800 42Nd Avenue Dr, Moline, Illinois

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800 42Nd Avenue Dr
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