720 E Main St - Fast Food FOR SALE


Genoa, IL 60135
$2,034,188 USD
305-308-2635
720 E Main St, Genoa, IL for Sale
$2,034,188 USD
Fast Food - FOR SALE
1/8

720 E Main St
Genoa, IL 60135


HIGHLIGHTS

  • Long Term 25-YR Triple Net NNN Lease with Five 5-YR Options, Zero Landlord Responsibilities
  • Brand New 2023 Construction
  • Fronting E Main Street (I-72) Adjacent to McDonald's and other National Retailers
  • Healthy 7.5% Rent Increases Every 5 Years

OVERVIEW

Introducing a brand-new 2,006 SF Taco Bell, on a nearly 1-acre lot, offering high visibility and prime access. Positioned adjacent to McDonald's and directly across from Genoa High School, this property sits along I-72, a major east-west interstate with a traffic count of 8,100 vehicles per day. This exceptional investment opportunity features a long-term, 25-year Triple Net (NNN) Lease with five 5-year renewal options and robust 7.5% rent increases every 5 years.

FOR SALE DETAILS

PRICE

$2,034,188 USD

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

-

APN/PARCEL ID

03-29-102-033

ASK ABOUT THIS PROPERTY

Debra FranklinMarcus & MillichapMore Info
305-308-2635

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Debra FranklinMarcus & MillichapMore Info
305-308-2635

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