Lanter Delivery | Distribution | Rock Island, IL
Industrial | Scheduled 8.51% CAP | 90,300 SqFt
Marketing description
Graystone Capital Advisors is pleased to present 500 31st Avenue, a 90,300 SF dock-high logistics / distribution facility leased to Lanter Delivery Systems in Rock Island, IL. The tenant has exercised its first extension option, extending the lease through August 31, 2027, with two remaining 1-year options at scheduled rent increases. Beginning September 1, 2026, the Property generates an 8.51% scheduled cap rate, with option-year yields increasing to 8.93% and 9.38% if exercised. At $38.20/SF, the offering provides a low-basis industrial opportunity with near-term renewal, mark-to-market, owner-user, or value-add upside.
Investment highlights
90,300 SF Dock-High Logistics / Distribution Facility
Fully occupied industrial asset with functional loading, distribution-oriented layout, and outdoor storage.
Short-Term NNN Lease With Scheduled Rent Growth
Lanter is leased through 8/31/2027, with two remaining 1-year tenant options. Rent steps from $3.25/SF to $3.41/SF and $3.58/SF if the remaining options are exercised.
Near-Term Renewal, Mark-to-Market, or User Upside
The short-term lease structure creates potential upside through tenant renewal, re-tenanting, owner-user occupancy, or a market rent reset.
Compelling Low Basis
Offered at $3,450,000, or $38.20/SF, providing a low entry basis relative to replacement cost and comparable industrial product.
4.87-Acre Site With Outdoor Storage
The property includes approximately 2.5 acres of outdoor storage, adding functional value for logistics, fleet, or distribution users.
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