Mammoth
East Moline, IL
Key Details
| Price: | $5,000,000 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $350,000 |
| Address: | 306 Avenue Of The Cities, East Moline, Illinois 61244 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 1.16 Acres |
| Building Size: | 4,808 SF |
| Year Built: | 2024 |
NNN Pro is pleased to present the exclusive listing for a Mammoth located at 306 Avenue Of The Cities, East Moline, Illinois 61244. The site consists of roughly 4808 rentable square feet of building space on an estimated 1.16-acre parcel of land. This Mammoth is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $350,000 and has scheduled increases of 1.50% Annually.
About the Investment
- Long-Term NNN Sale Leaseback | The site will be subject to a new 20-year lease commencing at close of escrow
- Attractive Annual Rent Increases | The lease includes 1.50% annual rental increases.
- Strong Corporate Guarantee | The lease is subject to a corporate guarantee by Mammoth Holdings, LLC (130+ Unit Operator).
- Accelerated Depreciation | Qualifies for accelerated depreciation as well as bonus depreciation.
Key Details
| Price: | $5,000,000 |
|---|---|
| Cap Rate: | 7.00% |
| Annual Rent: | $350,000 |
| Address: | 306 Avenue Of The Cities, East Moline, Illinois 61244 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 1.16 Acres |
| Building Size: | 4,808 SF |
| Year Built: | 2024 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Edward Otocka
eotocka@nnnpro.com
License: NY: 10401298466
Amelia Haydock
ahaydock@nnnpro.com
License: NY: 10401334976
Andrew Darby
adarby@nnnpro.com
License: NY: 10401380956
Broker of Record
Brian Brockman
Bang Realty-Illinois, Inc
License: 471020548
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.