2701-2745 N Columbus St
Ottawa, IL 61350
Kroger · Retail Property For Sale
Executive Summary
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.
Property Facts
| Property Type | Retail | Year Built | 1973 |
| Property Subtype | Storefront | Parking Ratio | 8.38/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 5 |
| Lot Size | 3.56 AC | No. Drive In / Grade-Level Doors | 3 |
| Gross Leasable Area | 70,523 SF | APN / Parcel ID | 14-35-404010 |
| No. Stories | 1 | Cross Streets | IL-23 |
| Zoning | Commercial | ||
| Property Type | Retail |
| Property Subtype | Storefront |
| Building Class | B |
| Lot Size | 3.56 AC |
| Gross Leasable Area | 70,523 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 8.38/1,000 SF |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 3 |
| APN / Parcel ID | 14-35-404010 |
| Cross Streets | IL-23 |
| Zoning | Commercial |
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
