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Quillin's 808 S Main St 12,400 SF Retail Building Monona, IA 52159 $770,548 CAD ($62.14 CAD/SF) 8.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Bite-Sized Price Point | M-T-M Lease | Cheap Rent-to-square foot
- Located in the Heart of Monona | Minimal Competition
- NN+ Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
The tenant, Quillin’s, is set to vacate in January 2026, creating a unique opportunity for investors. The current lease is on a month-to-month basis, with Quillin’s paying well below market rents at an average of $3.74 per square foot. This offers significant upside potential for investors to either redevelop the site or reposition it with a new tenant at market rates.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,400 SF
Building Class
C
Year Built
1988
Price
$770,548 CAD
Price Per SF
$62.14 CAD
Cap Rate
8.40%
NOI
$64,690 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.99 AC
Parking
56 Spaces (4.52 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Monument Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 12,400 SF
- Retail
- -
- Jan 2026
| Space | Size | Space Use | Position | Available |
| 1st Floor | 12,400 SF | Retail | - | Jan 2026 |
1st Floor
| Size |
| 12,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Jan 2026 |
PROPERTY TAXES
| Parcel Number | 22-36-14-436-001 | Improvements Assessment | $658,250 CAD |
| Land Assessment | $101,573 CAD | Total Assessment | $759,823 CAD |
PROPERTY TAXES
Parcel Number
22-36-14-436-001
Land Assessment
$101,573 CAD
Improvements Assessment
$658,250 CAD
Total Assessment
$759,823 CAD
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Quillin's | 808 S Main St
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