About This Restaurant
Investment Highlights
Absolute NNN Lease with no Landlord Responsibilities 4.86% Rent To Sales (Includes Base Rent and % Rent) High-performing, corporate operated Village Inn with historic sales above $2.1 million. 1 year of term remaining on the current lease, with 10% bump in next option, and four, 5-year options to extend Additional income potential through percentage rent structure over 5% over a breakpoint of $1,400,000 Tenant since 1981 (42 Years), demonstrating a strong commitment to the site
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 5,479
- Year Built 1981
- Price 1,295,000
- Price Per SF 236
- Cap Rate 7.25
- NOI 93,888
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.12
- Land Acres 1.03 AC
Property Taxes
| Parcel Number | 08-5324300-9177 | Improvements Assessment | $128,165 |
| Land Assessment | $247,881 | Total Assessment | $376,046 |
| Date Created: | 2024-07-16 04:13:39 | Last Updated: | 2024-07-16 04:13:39 |
| Address: | 2001 1st Street a , Moline, Illinois, 61265 | ||