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.