Monona, IA - Quillin's

Description:

The tenant, Quillin’s, is set to vacate in January 2026, creating a unique opportunity for investors. The current lease is on a month-to-month basis, with Quillin’s paying well below market rents at an average of $3.74 per square foot. This offers significant upside potential for investors to either redevelop the site or reposition it with a new tenant at market rates.

• 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 for future tenants, benefiting from consistent daily foot traffic from students, parents, and faculty. With no nearby competition, the site is well-positioned to serve as the primary retail destination for everyday essentials, snacks, and groceries—presenting an excellent opportunity for a new operator to capture a loyal customer base and maintain market dominance in the area.
• Strong tenant synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000001OLabYAG