807 E North Ave, Flora, IL 62839
Marcus & Millichap is pleased to present the exclusive listing for the IGA located at 807 E. North
Ave, Flora, IL 62839. The property consists of a 33,973 square foot building space situated on
roughly 3.34 acres of land. IGA currently occupies 26,673-SF of the building that was built in
1992 and there is 7,300-SF of vacant space that was built in 1970. The initial fifteen-year lease
terms started in 1993, and is set to expire July 31, 2022. The lease is absolute-net (NNN),
providing zero landlord obligations and is equipped with a 5% rent increase in the one option it
has remaining on the lease. IGA has an annual rent of $75,652 and has exceptional visibility to
over 6,600 vehicles per day. IGA is situated between the residential and retail areas, providing a
convenient shopping experience for residents.
The Independent Grocers Alliance (IGA) was founded in 1926 to bring family owned, local grocery
stores together under the IGA brand. Nearly a century later, the support of a nationally known
brand is still giving IGA grocers the ability to better compete, while at the same time, allowing
them to stay true to who they arehometown store owners in a position to meet the needs of their
unique communities. Today, communities across the U.S. are being served by
second, third and even fourth generation local IGA grocers.
License(s): IL: 471.011175
Illinois
Marcus & Millichap is pleased to present the exclusive listing for the IGA located at 807 E. North
Ave, Flora, IL 62839. The property consists of a 33,973 square foot building space situated on
roughly 3.34 acres of land. IGA currently occupies 26,673-SF of the building that was built in
1992 and there is 7,300-SF of vacant space that was built in 1970. The initial fifteen-year lease
terms started in 1993, and is set to expire July 31, 2022. The lease is absolute-net (NNN),
providing zero landlord obligations and is equipped with a 5% rent increase in the one option it
has remaining on the lease. IGA has an annual rent of $75,652 and has exceptional visibility to
over 6,600 vehicles per day. IGA is situated between the residential and retail areas, providing a
convenient shopping experience for residents.
The Independent Grocers Alliance (IGA) was founded in 1926 to bring family owned, local grocery
stores together under the IGA brand. Nearly a century later, the support of a nationally known
brand is still giving IGA grocers the ability to better compete, while at the same time, allowing
them to stay true to who they arehometown store owners in a position to meet the needs of their
unique communities. Today, communities across the U.S. are being served by
second, third and even fourth generation local IGA grocers.
License(s): IL: 471.011175
Illinois
