201 W 2nd Ave, Coal Valley, IL 61240

Village Square is a recently renovated neighborhood strip center in the heart of Coal Valley, IL. The center was built in 1977 but underwent extensive renovations in 2022. Tenancy is a strong mix of food, service, and early education and both anchor tenants spent considerable amounts on their buildouts. Coal Valley is surrounded by Moline, IL and it is part of the Quad-Cities MSA. The Shopping Center is located approximately 1 mile from the Quad Cities International Airport at the entrance to the Coal Valley residential district.

There is 2,025 sf of vacancy giving the new owner some upside while all leases included structured rental increases. Claws Nail Salon recently doubled their space and signed a new long term lease showing their commitment to the property. Both La Herradura and Playtime University have options at FMV giving the landlord protection against continued inflation. The leases are NNN in nature all include rental increases during their primary terms.