1261 Il-49 Cissna Park, IL 60924
10,640 SF NNN Convenience Store
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- New construction mini-market; 10,640 SF freestanding building
- Absolute NNN lease, $124,023.48 annual rent
- New 15-year lease with 5% rent increases every 5 years; opening early June 2025
- $1,908,053.54 sale price; 6.5% current cap rate, 6.83% average cap rate over 15 years
Property Details for 1261 Il-49
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 10,640 SF
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 65,340 SF
- Units
- 1
Location Insight
- City
- Cissna Park
- County
- Iroquois
- State
- Illinois
- Latitude
- 40.57244045763
- Longitude
- -87.88910886918
Nearby Comparable
FAQs
- What type of property is this?
- Retail property - 10,640 SF NNN Convenience Store
- Where is the retail property located?
- The property is located at 1261 Il-49 Cissna Park, IL.
- What is the asking price?
- The asking price for this property is $1,908,053.54.
- What are key features of this property?
- This property features: New construction mini-market; 10,640 SF freestanding building; Absolute NNN lease, $124,023.48 annual rent; New 15-year lease with 5% rent increases every 5 years; opening early June 2025
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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