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Advance Auto Parts Rock Island 3813 18th Ave 7,000 SF Retail Building Rock Island, IL 61201 $2,008,910 CAD ($286.99 CAD/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 10 Years of Firm Term Remaining Plus Three (3) 5-Year Renewal Options
- NN Lease With Limited LL Responsibilities (Structural: Slab and Foundation) | No ROFR/ROFO
- Quad Cities Location (Rock Island, IL): Bi-State Metro With Diversified Demand Drivers
- 18.00 Percent Rent Increase in Renewal Option 1 | 7.00 Percent in Renewal Option 2 | 6.00 Percent in Renewal Option 3
- Corporately Operated by Advance Stores Company, Inc.
- (Rock Island Arsenal, Healthcare, Education) and Access to Interstates 74, 80, 88 and 280
EXECUTIVE SUMMARY
The lease features three five-year renewal options with fixed rent increases of 18.00 percent, 7.00 percent and 6.00 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.
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-06-134-010 | Improvements Assessment | $494,305 CAD |
| Land Assessment | $120,558 CAD | Total Assessment | $614,863 CAD |
PROPERTY TAXES
Presented by
Advance Auto Parts Rock Island | 3813 18th Ave
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