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Investment Highlights

  • Dollar Tree Corporate-Guaranteed 10-year NN lease with minimal landlord responsibilities
  • Stand-alone Store situated on the ‘going-to-work’ side of the road (right-hand side) at signalized intersection with access points for both streets
  • Positioned along 11th Street, a primary local retail corridor with convenient access to IL-5 and IL-92
  • Lease features $0.50 PSF rental escalations every 5-years throughout the 10-year Base Term and three (3) five-year renewal Option Periods
  • Located within the Quad Cities MSA, serving a broad regional consumer base across Illinois and Iowa
  • Infill neighborhood location supporting consistent traffic and recurring demand for value-oriented retail

Executive Summary

CBRE is pleased to present an exclusive listing for the Dollar Tree located at 3100 11th Street in Rock Island, Illinois. The site consists of 13,905± total square feet of building space and sits on 1.53± acres of land. The subject property benefits from being located at a strong signalized intersection in an established residential trade area — surrounded by schools, healthcare facilities, and community amenities, generating dependable year-round customer demand. Nearby national retailers include: McDonald’s, O’Reilly Auto Parts, Dollar General, Conoco, and Shell.
Dollar Tree executed a 10-year lease for the subject property in 2023. Dollar Tree is an investment-grade rated tenant with an S&P rating of ‘BBB’. The lease features $0.50 psf rental escalations every five years throughout the initial 10-year base term and in the three (3) five-year renewal option periods; allowing for the possibility to extend the total lease term to 25 years.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $230,849 $16.90

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $230,849
Annual Per SF $16.90

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
13,905 SF
Building Class
C
Year Built/Renovated
1996/2023
Price
$3,098,645 CAD
Price Per SF
$222.84 CAD
Cap Rate
7.45%
NOI
$230,849 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.53 AC
Zoning
RI - Commercial

Amenities

  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 13,905 SF
  • $16.60 CAD
  • Double Net
  • Feb 2034

Dollar Tree began in 1986 as Only $1.00, building on a Norfolk variety-store heritage that later helped shape the business. The company focuses on discount variety retail, selling consumable, seasonal, and general merchandise such as housewares, food, health and beauty products, toys, party supplies, stationery, and crafts. After the Family Dollar sale, Dollar Tree operates as a focused North American value retailer with a large store network, a national logistics system, and an expanding multi-price assortment and online ordering options.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 13,905 SF $16.60 CAD Double Net Feb 2034
Somewhat walkable
30/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
16-11-301-056
Land Assessment
$183,379 CAD
Improvements Assessment
$572,427 CAD
Total Assessment
$755,806 CAD
  • Listing ID: 41268324

  • Date on Market: 2025-01-08

  • Last Updated:

  • Address: 3100 11th St, Rock Island, IL 61201

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