2472-2476 Sycamore Rd - Storefront FOR SALE


Dekalb, IL 60115
$3,473,000 USD
630-573-7015
2472-2476 Sycamore Rd, Dekalb, IL for Sale
$3,473,000 USD
Storefront - FOR SALE
1/9
null | 6.25% Cap Rate

2472-2476 Sycamore Rd
Dekalb, IL 60115


HIGHLIGHTS

  • LONG-TERM OPERATING HISTORY: Both Subway and Panera Bread have an operating history of 20+ years
  • STRONG REPORTED SALES: Panera Bread reported 2024 sales of over $3.06M, translating to a strong health ratio of 7.46%.
  • PROXIMITY TO NORTHERN ILLINOIS UNIVERSITY: 2-miles from NIU campus
  • PANERA BREAD WITH DRIVE-THRU: This Panera Bread location benefits from a drive-thru.
  • RECENT CAPITAL IMPROVEMENTS: Ownership recently completed a full replacement of the roof, which is recoverable by the tenants on an amortized basis
  • UNMATCHED ACCESS & VISIBILITY: The site is strategically situated at the NEC of a signalized intersection on Sycamore Road, with approx 20,500 VPD.

OVERVIEW

CBRE’s National Retail Partners—Midwest is pleased to present the opportunity to acquire a 100% fee interest in a 6,504-square-foot two-tenant center located in DeKalb, IL. The Property is 100% leased to Panera Bread with a drive-thru and Subway. Panera has been a tenant since 2001 and has a term through January 2033. The lease features a 10% rental increase in 2028 as well as 10% increases in each of the two 5-year renewal options. Subway has been operating at the center since 1987 and has just over three years of term remaining. The lease features healthy 3% annual rental increases throughout the base term and in the remaining 5-year renewal option. The site is strategically situated at the NEC of a signalized intersection on Sycamore Road, with approximately 20,500 vehicles passing daily. It is accessible via a dedicated right-turn lane on Sycamore Road and the surrounding retail.

FOR SALE DETAILS

PRICE

$3,473,000 USD

PRICE/SF

$473 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panera Bread and Subway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

inc

APN/PARCEL ID

08-12-451-022

ASK ABOUT THIS PROPERTY

630-573-7015

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630-573-7015

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