606 E Lincolnway - Restaurant FOR SALE


Morrison, IL 61270
$1,427,000 USD
972-755-5208
606 E Lincolnway, Morrison, IL for Sale
$1,427,000 USD
Restaurant - FOR SALE
1/3
null | 7% Cap Rate

606 E Lincolnway
Morrison, IL 61270


HIGHLIGHTS

  • Rare Fee Simple McDonald's Dual Tenant Building | Minimal Landlord Responsibilities | 4,728 SF Building on 1.04 Acre Lot
  • Rare 12% Rent Increases at Each (5) Year Option for McDonald's with the Next One at Renewal Option in March 2027 | 7 Five Year Renewal Options
  • Liquor Land Recently Signed a New 5-Year Lease in Adjacent Space next to McDonald's with two 5-Year Renewal options beginning on 05/28/2029
  • McDonald's is in the Top 7% of Most Visited Restaurants in a 30-Mile Radius Shared Access with Casey's Gas Station in Top 25% Most Visited in U.S
  • Retail Corridor includes Top 11% in the Country Dollar General with 191K Visits and Dairy Queen with 142K visits
  • Broker of Record: Steven Weinstock, One Mid America Pl, St. 200 Oakbrook Terrace, IL (630)570-2200 Steven.Weinstock@marcusmillichap.com Lic#471.011175

OVERVIEW

Paine Net Lease Team at Marcus & Millichap is pleased to present for sale a dual-tenant property located on US-30 in Morrison, Illinois. The property includes a fee simple McDonald’s and a local liquor store, Liquorland. Liquorland recently signed a new five-year net lease, set to expire on May 28, 2029. McDonald’s, occupying the adjacent space, is currently in the first of eight five-year extension options, which could extend their lease through 2062. The McDonald’s lease features an attractive 12 percent rent increase every five years, with the next adjustment scheduled for March 2027 upon lease option exercise. Significant improvements have recently been completed, including the installation of a new HVAC system in September 2022. The property also offers investor-friendly features, with minimal landlord responsibilities that are primarily limited to exterior and HVAC upkeep, which are reimbursed annually.

FOR SALE DETAILS

PRICE

$1,427,000 USD

PRICE/SF

$302 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

MOCD-Commercial

APN/PARCEL ID

0917326022

ASK ABOUT THIS PROPERTY

Sam NoeMarcus & MillichapMore Info
972-755-5208

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Sam NoeMarcus & MillichapMore Info
972-755-5208

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.