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202 Lindow Ln
Marengo, IL 60152
Sullivan's Foods Marengo · Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 12-Year Absolute NNN Lease to Grocery Operator with 100% Leased Small Shop Space: J.B. Sullivan’s occupies 85% of the center
- Exclusive Market Presence: Only Grocery Option within a 12-mile radius (20-minute Drive)
- Strong Incomes: Average household incomes of $122,617 within a 5-mile radius
- Grocery Lease Signed By Large Corporate Wholesaler: Associated Wholesale Grocers (“AWG”), Reporting over $12B in Revenue, signs the lease as “Tenant”
- Low Lease Rates Drive Stability: Sullivan’s Foods pays only $5.05 PSF, well-under market for similar quality construction
- Strategic Location Near Schools: Marengo Shopping Center is located in direct proximity to Marengo HS, MS, and ES (1,467 total students)
Résumé de l'annonce
As exclusive agent for the owner, Parasell Inc. is pleased to present Marengo Shopping Center, a 38,230 SF, 100%-leased, grocery-anchored neighborhood center in Marengo, Illinois. Approximately 85% of the GLA is occupied by the anchor grocer under a 12-year absolute NNN lease with tenant responsibility for CAM, roof, and structure.
The anchor lease is signed by Associated Wholesale Grocers (AWG), a national grocery wholesaler reporting over $12 billion in annual revenue, and sub-leased to J.B. Sullivan’s Foods, an 11-unit, wholly owned subsidiary of Coborn’s, Inc., which operates 135 retail locations, including 77 grocery stores across the Midwest. Sullivan’s occupies 32,376 SF and pays $5.05 PSF, below prevailing market rents for comparable construction.
Sullivan’s Foods has operated at this location since 2013 and has historically reported strong sales with low rent-to-sales ratios. The property serves as the only grocery option within a 12-mile (approximately 20-minute) radius and is supported by average household incomes of $122,617 within five miles. The center is located adjacent to Marengo High School, Middle School, and Elementary School, totaling approximately 1,467 students.
The remaining shop space is fully leased to daily-needs and service tenants, including CORA Physical Therapy, Dairy Queen, and Gaming Café, providing complementary traffic to the grocery anchor.
The anchor lease is signed by Associated Wholesale Grocers (AWG), a national grocery wholesaler reporting over $12 billion in annual revenue, and sub-leased to J.B. Sullivan’s Foods, an 11-unit, wholly owned subsidiary of Coborn’s, Inc., which operates 135 retail locations, including 77 grocery stores across the Midwest. Sullivan’s occupies 32,376 SF and pays $5.05 PSF, below prevailing market rents for comparable construction.
Sullivan’s Foods has operated at this location since 2013 and has historically reported strong sales with low rent-to-sales ratios. The property serves as the only grocery option within a 12-mile (approximately 20-minute) radius and is supported by average household incomes of $122,617 within five miles. The center is located adjacent to Marengo High School, Middle School, and Elementary School, totaling approximately 1,467 students.
The remaining shop space is fully leased to daily-needs and service tenants, including CORA Physical Therapy, Dairy Queen, and Gaming Café, providing complementary traffic to the grocery anchor.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
34 264 pi²
Classe d’immeuble
A
Tarification de LoopNet
4 Étoiles
Année de construction
2013
Prix
4 835 893 $ CAD
Prix par pi²
141,14 $ CAD
Taux de capitalisation
7,25%
Revenu net d’exploitation
350 619 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Quais de chargement
2 Extérieur
Coefficient d’occupation des sols de l’immeuble
0,20
Taille du lot
3,96 AC
Stationnement
60 places (1,93 places par 1 000 pi² loué)
Façade
238’ sur Lindow Ln
Commodités
- Affichage
Impôts fonciers
| Numéro de lot | 17-06-102-007 | Évaluation des bâtiments | 1 584 308 $ CAD |
| Évaluation du terrain | 218 403 $ CAD | Évaluation totale | 1 802 711 $ CAD |
Impôts fonciers
Numéro de lot
17-06-102-007
Évaluation du terrain
218 403 $ CAD
Évaluation des bâtiments
1 584 308 $ CAD
Évaluation totale
1 802 711 $ CAD
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