2701-2745 N Columbus St
Ottawa, IL 61350
Kroger · Retail Property For Sale

Marcus & Millichap is pleased to present the opportunity to purchase a single tenant, absolute net Kroger grocery store in Ottawa, IL. The tenant recently exercised its' third, five-year renewal option, bringing the operating history at this location to 35 years. The grocer is paying a rare and low rent of $5.85/SF and performing at roughly 1.50% rent to sales. The last seven years, this tenant has posted increasing year-over-year sales growth. Kroger is located in the retail heart of Ottawa, with surrounding retailers Walmart, Aldi, Dunkin Donuts, Culvers, a new Verizon, Dairy Queen, Blaine' s Farm & Fleet, Cracker Barrel and many others in its' immediate path. Additionally, there have been serious discussions of Menards commencing construction on a mega store to the north of Walmart. Ottawa, IL is a stable community roughly one-hour-and-a-half Southwest of Chicago. It serves as the main draw of LaSalle Counties and hosts major distribution centers for PetSmart and Kohl' s, as well as many other industrial facilities for major companies. Since 1853, Ottawa has remained one of the quaintest cities in Illinois. Located along the Illinois River, Ottawa is home to a diverse community and wide range of cultures. No matter who you are, there' s something that' s right for everyone in Ottawa. Ottawa is known as the scenic gateway to Starved Rock State Park, the most popular state park in Illinois, with some two million visitors per year. The Fox River, which flows through communities like Elgin and Aurora, empties into the Illinois River in downtown Ottawa. The city also has many events, such as the Old Town Farmers Market, readings at the Reddick Public Library, and more. The Annual Wallace Memorial Event celebrates the legacy of the Civil War, and the Oktoberfest event is a must-see for everyone.