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Monona, IA - Quillin's

$552,000

808 S Main St, Monona, IA 52159

Active
Last Updated: 07/11/2025

8.4

Cap Rate

46,342

NOI

Details:
Cap Rate:    8.4%
NOI:    $46,342
Building Size:    12,400 sqft
Lot Area:    1.99 acres
Year Built:    1988
Description:

• The tenant, Quillin’s is currently paying very low rent leaving upside opportunity for investors.
• Quillin’s is currently operating on a month-to-month lease leaving opportunity to negotiate an extension or redeveloping the site for investors.
• The tenant is currently paying far below market rents averaging $3.74 per square foot.

• The subject property is located directly in the heart of Monona Known as the “Garden City,” it offers parks, trails, a family aquatic center, and a strong sense of community. Home to MFL MarMac schools and rich in local history, Monona provides a peaceful lifestyle with no major retail competition—making it an ideal spot for both families and small businesses.
• The Quillin’s location near MFL MarMac High School offers a strong strategic advantage, as it captures consistent foot traffic from students, parents, and faculty throughout the day. With no nearby competition, the store effectively operates as the go-to retail destination for everyday essentials, snacks, and groceries, allowing it to dominate the local market and build a loyal customer base with minimal threat of customer leakage.
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
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