621 E Le Claire Rd
Asset Issuer
Lofty AI
Asset Platform
Lofty AI
Asset Name
621 E Le Claire Rd
Asset Class
Real Estate
Asset Type
Commercial Real Estate
Asset Abbreviation
621-e-le-claire-rd
Asset Fraction Price
$ 36.09
Asset Fraction Yield
8.32%
Asset Fraction Maturity
N/A
Min. Investment Size
$ 36.09
Asset Fraction Sale End Date
Asset
Valuation
$ 2,488,000
Category
Description
The Quad Cities is a region of cities in the U.S. states of Iowa and Illinois: Davenport and Bettendorf in southeastern Iowa, and Rock Island, Moline and East Moline in northwestern Illinois. It is a well-known real estate investment market known for its excellent living, affordable real estate, strong schools, a low cost of living, easy access to neighboring cities, and amenities for every want or interest. The U.S. News & World Report ranks the Quad Cities as the sixth most affordable place to live in the country in 2020-2021. The Quad Cities is home to Fortune 500 company Deere & Company. There are 150 other companies on Fortune 500 and 1000 lists that have a presence in the region, as well as the Rock Island Arsenal, a major military installation.
Features
• 7,800 sqft 4-unit retail building (built in 2010)
• Fully leased to McDonald’s, Domino’s, US Cellular, and a Real Estate Office
• Multi-year Triple-Net (NNN) leases – tenants pay taxes, insurance, and maintenance
• McDonald’s tenant since 2010, lease extended to 2026
• Domino’s invested $250K in renovations, 10-year lease until 2031
• US Cellular tenant since 2012, lease until 2024
• Real Estate Office on a 3-year lease
• 1 minute from Route 61 highway exit (connects multiple states)
• 12 minutes from Amazon Robotics Fulfillment Center ($148M annual economic impact)
• 12 miles from upcoming $800M Meta Data Center campus (completion 2027)
• Surrounded by brands like Subway, Dollar General, Snap Fitness
• Strong long-term income potential from anchor tenants
• Located in a high-growth commercial area
Details
Asset Platform URL
https://www.lofty.ai/
Asset Location
United States
Regulatory Jurisdiction
Eldridge, IA 52748
Asset Fraction Type
Security Tokens
Asset Standard
N/A
Blockchain Network
N/A
Total Asset Fraction Supply
2028 tokens
Asset Fraction Sale Allocation
N/A
Total Asset Fractions Sold (So Far)
49,760 tokens
Max. Investment Size
Asset Fraction Sale Start Date
Assesment/Rating Provider
Assesment/Rating
Assessment/Rating Proof
Financial Statements
Financial Audits
Asset Valuation
$ 2,488,000
Asset Valuation Documentation
Asset Ownership Structure
Company Registration
License or Regulatory Framework
Smart Contract
Smart Contract Audit
Whitepaper
