222 10th Ave W | Milan, IL 61264
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- LoopNet Team
222 10th Ave W
Milan, IL 61264
Pizza Hut & WingStreet · Retail Property For Sale
Investment Highlights
- Absolute NNN Investment Opportunity • No Landlord Responsibilities
- Committed Operator - Operating continuously at this location for 40+ years, a new 20-year lease was executed in 2020
- Rare Liquor License - Pizza Hut has a license to offer beer and wine to its dining room customers.
- Rent Escalations - Features 10% rental increases every five years including each option period
- Access to Large Trade Area - Milan is part of the Quad Cities MSA, the largest trade area in northwestern Illinois and southeastern Iowa.
- Excellent Location - Great visibility along 10th Ave West, a major east-west corridor at US Highway 67, a highly trafficked N-S regional thoroughfare
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,600 SF
Year Built
1983
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.75 AC
Zoning
MIL
Parking
14 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
95’ on 10th ave w
Property Taxes
| Parcel Number | 16-26-212-002 | Improvements Assessment | $154,336 |
| Land Assessment | $19,968 | Total Assessment | $174,304 |
Property Taxes
Parcel Number
16-26-212-002
Land Assessment
$19,968
Improvements Assessment
$154,336
Total Assessment
$174,304
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