Shopping Strip

Dunkin Donut Anchored Strip Center

440 E Lincoln Hwy, DeKalb, IL 60115

Listing Price: $2,385,615

Cap Rate
6.70%
Gross SF
7,790
Rentable SF
7,790
Price/Gross SF
$306.24
Lot Size
0.75 acres
Year Built
2017

Investment Overview

Marcus & Millichap as exclusive advisor, is pleased to present for sale a newly developed 7790 sf 4 tenant retail center in downtown DeKalb IL. The Property consists of approximately .75 acres of prime real estate along Lincoln Highway (State Road 38) , a major east and west commercial corridor where the traffic counts are in excess of 25,400+ vehicles-per-day. The Property has 4 quality tenants who are all subject to a triple-net leases. Signage and frontage visibility are excellent to Lincoln Highway (State Road 38) is currently 100 percent occupied with a mix of national, regional and local tenants. Tenants within the subject property include, Dunkin Donuts, Marcos Pizza, Subway and DeKalb Liquors. All of these tenants are on full reimbursement triple net lease structure and most allow for the recapture of administrative expenses. With almost 100% of the rent roll not rolling over until after 2022, the center offers investors a unique opportunity to purchase a shopping center in the growing community of DeKalb IL.

Investment Highlights

  • Newly constructed 7790 SF Center with National, Regional and Local Tenants
  • All tenants have been open and paying rent during Covid outbreak.
  • 100% Occupied by essential retailers.
  • 100% Occupied by Internet Resistant Tenants
  • Staggered lease expirations allow for both stable cash flow and upside opportunity
  • Well positioned along the dominant commercial corridor in downtown DeKalb IL.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Financing By

Shopping Strip

Dunkin Donut Anchored Strip Center

Listing Price: $2,385,615

Cap Rate
6.70%
Gross SF
7,790
Rentable SF
7,790
Price/Gross SF
$306.24
Lot Size
0.75 acres
Year Built
2017

Investment Highlights

  • Newly constructed 7790 SF Center with National, Regional and Local Tenants
  • All tenants have been open and paying rent during Covid outbreak.
  • 100% Occupied by essential retailers.
  • 100% Occupied by Internet Resistant Tenants
  • Staggered lease expirations allow for both stable cash flow and upside opportunity
  • Well positioned along the dominant commercial corridor in downtown DeKalb IL.

Investment Overview

Marcus & Millichap as exclusive advisor, is pleased to present for sale a newly developed 7790 sf 4 tenant retail center in downtown DeKalb IL. The Property consists of approximately .75 acres of prime real estate along Lincoln Highway (State Road 38) , a major east and west commercial corridor where the traffic counts are in excess of 25,400+ vehicles-per-day. The Property has 4 quality tenants who are all subject to a triple-net leases. Signage and frontage visibility are excellent to Lincoln Highway (State Road 38) is currently 100 percent occupied with a mix of national, regional and local tenants. Tenants within the subject property include, Dunkin Donuts, Marcos Pizza, Subway and DeKalb Liquors. All of these tenants are on full reimbursement triple net lease structure and most allow for the recapture of administrative expenses. With almost 100% of the rent roll not rolling over until after 2022, the center offers investors a unique opportunity to purchase a shopping center in the growing community of DeKalb IL.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Financing By

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