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1000 W Lincoln Hwy
Dekalb, IL 60115
Retail Property For Sale
Investment Highlights
- Strong traffic counts over 25,000 vehicles per day
- 2% bumps in Molly’s Eatery & Drinkery lease (taking effect February 2029) and a 2.6% Subway rent bump in approx. 1.5 years
- Across the street from Northern Illinois University (NIU) campus
- Located in the Chicago MSA, the 3rd largest MSA in the country, with over 9.5 million residents
Executive Summary
Addison Williams from Savills is pleased to offer for sale a 9,000 square foot two-tenant property located in Dekalb, IL. Part of the Chicago MSA, the subject property is fully occupied by Molly’s Eatery & Drinkery and Subway.
The leases are on a NNN basis, whereby the majority of expenses associated with the property are paid for by the Tenants, either directly or as reimbursements to Landlord.
The Offering yields $131,592 +/- in Scheduled Base Rent for the Scheduled Year One Cash Flow period.
The leases are on a NNN basis, whereby the majority of expenses associated with the property are paid for by the Tenants, either directly or as reimbursements to Landlord.
The Offering yields $131,592 +/- in Scheduled Base Rent for the Scheduled Year One Cash Flow period.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,160 SF
Building Class
C
Year Built
1971
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.84 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
36 Spaces (4.41 Spaces per 1,000 SF Leased)
Frontage
143’ on Lincoln Hwy
Property Taxes
| Parcel Number | 08-22-152-047 | Improvements Assessment | $148,458 |
| Land Assessment | $105,752 | Total Assessment | $254,210 |
Property Taxes
Parcel Number
08-22-152-047
Land Assessment
$105,752
Improvements Assessment
$148,458
Total Assessment
$254,210
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