440 E Lincoln Hwy, DeKalb, IL 60115
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.
License(s): IL: 471.011175
Illinois
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.
License(s): IL: 471.011175
Illinois