Shopping Strip

2 Tenant Retail Center

1000 W Lincoln Hwy, DeKalb, IL 60115

Listing Price: $1,825,000

Cap Rate
6.96%
Gross SF
8,976
Rentable SF
8,976
Price/Gross SF
$203.32
Lot Size
0.84 acres
Year Built
1971

Investment Overview

Marcus & Millichap as exclusive advisor, is pleased to present for sale a 8160 square foot 2 tenant retail center in downtown DeKalb IL. The Property consists of approximately .84 acres of prime real estate along Lincoln Highway (State Road 38) , a major east and west commercial corridor where the combined traffic counts are in excess of 35,000+ vehicles-per-day.
Signage and frontage visibility are excellent to Lincoln Highway (State Road 38)
This property is located in a densely populated residential area with over 44,000 residents and in close proximity to Northern Illinois University and its 20,000 plus students and 7,000 plus employees.

Two 100% Essential, Internet Resistant, quality tenants who have all been open and paying rent during the
Covid Outbreak occupy the property both of which are subject to a triple-net leases.

The property is currently 100 percent occupied with a mix of national and local tenants. Tenants within the subject property include, Subway and Molly's Eatery and Drinkery.


Investment Highlights

  • All tenants have been open and paying rent during Covid outbreak
  • 100% Essential tenants
  • Main and Main with a total of over 35,000 cars per day
  • Densely Populated Residential Area with over 44,000 Residents
  • Close proximity to Northern Illinois University Campus with over 7,000 Employees
  • Close proximity to Northern Illinois University Campus with over 20,000 Students

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

2 Tenant Retail Center

Listing Price: $1,825,000

Cap Rate
6.96%
Gross SF
8,976
Rentable SF
8,976
Price/Gross SF
$203.32
Lot Size
0.84 acres
Year Built
1971

Investment Highlights

  • All tenants have been open and paying rent during Covid outbreak
  • 100% Essential tenants
  • Main and Main with a total of over 35,000 cars per day
  • Densely Populated Residential Area with over 44,000 Residents
  • Close proximity to Northern Illinois University Campus with over 7,000 Employees
  • Close proximity to Northern Illinois University Campus with over 20,000 Students

Investment Overview

Marcus & Millichap as exclusive advisor, is pleased to present for sale a 8160 square foot 2 tenant retail center in downtown DeKalb IL. The Property consists of approximately .84 acres of prime real estate along Lincoln Highway (State Road 38) , a major east and west commercial corridor where the combined traffic counts are in excess of 35,000+ vehicles-per-day.
Signage and frontage visibility are excellent to Lincoln Highway (State Road 38)
This property is located in a densely populated residential area with over 44,000 residents and in close proximity to Northern Illinois University and its 20,000 plus students and 7,000 plus employees.

Two 100% Essential, Internet Resistant, quality tenants who have all been open and paying rent during the
Covid Outbreak occupy the property both of which are subject to a triple-net leases.

The property is currently 100 percent occupied with a mix of national and local tenants. Tenants within the subject property include, Subway and Molly's Eatery and Drinkery.


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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