The Opportunity

Summary

  • Price $919,000
  • Cap Rate 6.40%
  • NOI $58,816
  • Lease Type NNN Ground Lease
  • Building Size 6,600 SF
  • Parcel Size 1.36 Acres
  • Tenant Bridgestone Retail Operations, LLC
  • Remaining Lease Term 4.6 Years
  • Rental Increases 5% Next Option
  • Options 1x5 Year

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Firestone Complete Auto Care, (the “Property”) in Moline, Illinois — the largest city located in Rock Island County and a key commercial hub in the Quad Cities region. This property is also being offered along with five other single-tenant properties offering a strong mix of nationally recognized tenants, including Arby's, OfficeMax, Olive Garden, R.I.A. Federal Credit Union, and Verizon, offering investors immediate in-place cash flow backed by established brands. Strategically located along two major commercial corridors, John Deere Road and 16th Street, the properties boast combined traffic exposure exceeding 59,700 vehicles per day (VPD) and are less than one mile from Interstate 74 (51,600 VPD) and Interstate 280 (20,800 VPD). The tenants at this location demonstrate exceptional performance, with Verizon ranking in the 84th percentile in Illinois and 82nd percentile nationally, and Firestone ranking in the 81st percentile statewide, indicating strong foot traffic and customer loyalty. The property also benefits from its proximity to Rock River Plaza, a major retail destination anchored by top-performing Lowe’s and Walmart Supercenter locations, which rank in the 94th and 93rd percentiles statewide, respectively (Placer.ai). Rock River Plaza itself ranks in the 97th percentile among Illinois community shopping centers and in the 96th percentile nationally, underscoring the strength and draw of the surrounding retail corridor.

Many of the tenants have an established operating history at this location creating deep roots in the Moline community. Arby’s has operated at this location for over 40 years, Firestone for more than 35 years, OfficeMax for 30 years, and Verizon for over 20 years. Their long-term presence as outparcels to the SouthPark Mall reinforces the site’s strength as a proven retail destination and speaks to the enduring consumer demand and location viability. With a dense population of over 115,000 residents and 51,000 households within a 5-mile radius, this offering presents a compelling opportunity to acquire a well-diversified, nationally tenanted portfolio in a high-traffic, performance-proven location.

Investment Highlights

HIGH-PERFORMING TENANTS IN A PROVEN RETAIL CORRIDOR (PLACER.AI) – Both Verizon and Firestone demonstrate exceptional location-level performance per Placer.ai, ranking in the 84th and 81st percentiles in Illinois, respectively. Verizon also ranks in the 82nd percentile nationally. The portfolio of single-tenant properties sit within a dominant retail corridor anchored by Rock River Plaza, which ranks in the 97th percentile among Illinois community shopping centers and in the top 96th percentile nationally. The anchors Lowe’s and Walmart Supercenter are top-tier performers in the state, ranking in the top 94th and 93rd percentiles, respectively, reinforcing the area’s draw and long-term viability.

SUPERIOR LOCATION WITH SIGNIFICANT TRAFFIC FLOW – The properties benefit from outstanding visibility and accessibility along two major thoroughfares, John Deere Road and 16th Street, which together see a combined traffic count of 59,700 vehicles per day (VPD). This high-exposure location enhances daily consumer reach and supports strong tenant performance.

ESTABLISHED TENANT OPERATING HISTORIES – The offering features a number of long-standing national tenants with deep roots in the Moline community. Arby’s has operated at this location for over 40 years, Firestone for more than 35 years, OfficeMax for 30 years, and Verizon for over 20 years. Their long-term presence as outparcels to the SouthPark Mall reinforces the site’s strength as a proven retail destination and speaks to the enduring consumer demand and location viability.

DENSELY POPULATED TRADE AREA WITH STRONG DEMOGRAPHICS – The property is located in Moline, the largest city in Rock Island County, and benefits from a substantial local population. Within a 5-mile radius, there are more than 115,000 residents and 51,000 households, offering a strong consumer base that supports tenant stability and consistent foot traffic.
STRATEGICALLY POSITIONED WITH ACCESS TO KEY TRANSPORTATION ROUTES – Ideally situated less than one mile from three major thoroughfares such as: John Deere Road (45,700 VPD), Interstate 74 (51,600 VPD), and Interstate 280 (20,800 VPD), the property benefits from exceptional accessibility and daily exposure to over 118,000 vehicles. This strategic positioning drives consistent consumer traffic, enhances tenant visibility, and supports long-term occupancy and rental growth potential.

BUSTLING RETAIL CORRIDOR – The properties sit within a bustling retail corridor home to a number of national retailers such as: Walmart Supercenter, Target, Lowe’s Home Improvement, Walgreens, Dick’s Sporting Goods, Kohl’s, Hobby Lobby, Marshalls, Ross Dress for Less, PetSmart, Petco, Harbor Freight, Ollie’s Bargain Outlet, Planet Fitness, Mattress Firm, Dollar Tree, T-Mobile, Mattress Firm, 7-Eleven, Applebee’s, Buffalo Wild Wings, Chipotle, McDonald’s, Chick-Fil-A, Starbucks, Wendy’s, KFC, Panda Express, and more demonstrating the strength of the retail corridor.

TOP OPERATOR (200+ UNITS) – Arby’s is operated by Turbo Restaurants, one of the brand’s top-performing franchisees with a proven track record across multiple states. The group operates over 200 Arby’s locations throughout Illinois, Louisiana, Mississippi, and Texas, demonstrating operational strength, financial stability, and long-term commitment to the brand.

Site Plan

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Brokerage Team

In Cooperation with Brian Brockman | Bang Realty - Illinois, Inc. | License #: 471020548

Marc Mandel

Marc Mandel

Managing Principal
Forged Real Estate
James Yi

James Yi

Director
Forged Real Estate
Steve Schrenk

Steve Schrenk

Marco DiPrinzio

Marco DiPrinzio

Greg Zimmerman

Greg Zimmerman