5020 8th Ave 30,410 SF 100% Leased Industrial Building East Moline, IL 61244 For Sale

Marcus & Millichap is pleased to offer for sale a industrial outdoor storage and
warehousing facility located at 5020 8th Ave. East Moline, IL 61244 (“”Property or
Asset””) leased to CrossRoads Building Supply. The in-place lease has ±4.4 years
of firm term remaining on an absolute net lease structure with 3.00% annual rent
increases, and one (1) 5-year renewal option.
The Tenant, CrossRoads Building Supply, is a trusted provider of high quality
construction materials and supplies. Headquartered in Oakbrook Terrace, IL,
CrossRoads operates in 29 locations across six Midwest and Southeast, with sales
exceeding $100 million. They offer a wide range of products, including lumber,
drywall, roofing materials, and hardware, catering to contractors, builders, and DIY
enthusiasts alike.
The Property totals ±30,410 SF across two buildings wth the main building
consisting of 26,091 SF and the secondary building containing ±4,319 SF. Both
buildings are wood framed with metal panel siding and metal roofing
The site, totaling ±3.32 acres, is graveled with a Floor Area Ratio (FAR) of 21%,
and well-suited for the growing trend of industrial outdoor storage. The Property
includes five (5) drive in doors within the main building and an additional three (3)
drive in doors for the secondary builidng.
The Asset is in East Moline, IL and a part of the Quad Cities Metropolitan Statistical
Area (MSA), which consists of a portion of eastern Iowa and western Illinois.
The Quad Cities MSA consists of Scott County in Iowa and Rock Island, Henry,
and Mercer Counties in Illinois. Combined, with more than 142,000 Scott County
residents, the MSA measures over 380,000 in population. The Quad Cities are the
midway between Minneapolis on the north and St. Louis on the south, Chicago on
the east and Des Moines to the west. The area’s 300-mile market of nearly 36.5
million people compromises nearly 15% of the nation’s population. Additionally,
the Quad Cities are only 150-miles west of Chicago. More specifically, the Asset is
located off Illinois Route 5, a 16-mile urban expressway running from U.S. Route 67
in Rock Island to the Interstate 80/I-88 interchange, two (2) miles from the Property.