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105 W Illinois Route 71 Rt 10,000 SF Retail Building Newark, IL 60541 $2,729,758 CAD ($272.98 CAD/SF)

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Investment Highlights

  • Potential lease back
  • Large lot

Executive Summary

Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!

Attachments

105 IL-71

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built
2007
Price
$2,729,758 CAD
Price Per SF
$272.98 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.03
Lot Size
7.60 AC
Zoning
B-2

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Ground
  • 10,000 SF
  • Retail
  • Outparcel
  • 30 Days

Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!

Space Size Space Use Position Available
Ground 10,000 SF Retail Outparcel 30 Days

Ground

Size
10,000 SF
Space Use
Retail
Position
Outparcel
Available
30 Days

Ground

Size 10,000 SF
Space Use Retail
Position Outparcel
Available 30 Days

Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!

Property Taxes

Property Taxes

Parcel Number
07-06-402-005
Land Assessment
$55,493 CAD
Improvements Assessment
$297,642 CAD
Total Assessment
$353,135 CAD
  • Listing ID: 31781872

  • Date on Market: 2024-05-13

  • Last Updated:

  • Address: 105 W Illinois Route 71 Rt, Newark, IL 60541

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