Monona, IA - Quillin's

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