4401 27th St – Moline, IL_Property for Sale
4401 27th St – Moline, IL_Property for Sale
4401 27th St, Moline, IL, 61265, US

4401 27th St – Moline, IL

Asset description

Address: 4401 27th St, Moline, IL 61265

Total GLA: 54,670

Occupancy: 100%

Tenancy: Ollie’s Bargain Outlet & Harbor Freight

In-Place NOI: $334,153

Cap Rate: 7.00%

​​​​​​​Asking Price: $4,775,000



Building area Net
5,079 sm
Year built


Investment highlights

Rapid Leasing Velocity

  • 100% Occupancy with National Tenants Harbor Freight & Ollie’s Bargain Outlet
  • Executed 54,670 sqft of leasing in under 9 months, successfully backfilling former Gordman’s box

Great Visibility and Access – 0.2 Miles From I-74 Interchange

  • Property is strategically located 0.2 miles west of the I-74 Interchange which features a traffic count of over 40,000 daily

Proximity to SouthPark Mall

  • Property is located on an outlot of SouthPark Mall, which experiences +1.6M visitors annually and features the following national tenants: Ashley Homestore, Dick’s Sporting Goods, Dillard’s, JC Penny, Hibbett Sports, and Von Maur

Minimal Capital Expenditures

  • Roof warranty through 2037

Downside Protection With Below Market Rents

  • Average in-place rent of $6.75 provides an attractive basis well below replacement cost with downside protection

Located in the Main Retail Corridor with the Surrounding National Tenants

  • Kohl’s
  • Hobby Lobby
  • Walmart
  • Lowe’s
  • PetSmart
  • Ross Dress For Less
  • Target
  • Menards

Contact brokers

4401 27th St – Moline, IL (0 Properties)

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Last updated
Jan 17, 2023