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Take 5 | 14+yrs Remain Abs NNN Deyoung Street and Sinclair Drive 1,760 SF 100% Leased Retail Building Marion, IL 62959 $2,782,069 CAD ($1,580.72 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 14+ Years Remaining | Well Known & Established Brand | Options To Extend | Scheduled Increases
- Near National/Credit Retailers | Auto Dealerships
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, investment property located in Marion, Illinois. The tenant, Tvoc Marion, LLC, has over 14 years remaining on its lease with 8 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1984, Take 5 Oil Change is a nationally recognized brand with over 800 locations throughout the United States and Canada.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,760 SF
Year Built
2023
Price
$2,782,069 CAD
Price Per SF
$1,580.72 CAD
Cap Rate
6.50%
NOI
$180,841 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
0.61 AC
Zoning
C-2 - Highway Commercial
NEARBY MAJOR RETAILERS
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Take 5 | 14+yrs Remain Abs NNN | Deyoung Street and Sinclair Drive
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