Martin Avenue Shops
Retail | 7.16% CAP | 9,520 SF
Listing Contacts
Dr William Mustafa, PsyD, CCIM, CIPSLicense: IL 475188240
License: IL 475.181407
Active
Asking Price: $1,995,000
Earnest Money Deposit: 2% min.
Address
105 IL-71, Newark, IL 60541
Show on MapDate Added
May 10, 2024
Days on Market
344 days
Time Since Last Update
4 days
Details
Property TypeRetail
SubtypeConvenience Store, Shopping Center, Storefront
Investment TypeOwner/User
ClassA
Lease TypeNNN
TenancySingle
Square Footage9,520
Net Rentable (sq ft)9,520
Price/Sq Ft$209.56
Cap Rate7.16%
Occupancy100%
NOI$142,800
Units1
Year Built2007
Buildings1
Stories1
ZoningB-2
Lot Size (sq ft)78,137
Parking (spaces)26
Broker Co-OpYes
APN0706402005
INTELLIGENCEMarketing Description
Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!
Investment Highlights
NNN 7.16% Cap Rate at asking rent
Potential owner lease back
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,800.00
$11,900.00/mo
Valuation Metrics
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0
DSCR
7.16%
Cap Rate
7.16%
ROI
Due Diligence
Listing Contacts
- Dr William Mustafa, PsyD, CCIM, CIPSLicense: IL 475188240
- License: IL 475.181407
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Additional Information
Additional Information
Broker Name
Michael Scanlon
Broker License
IL 475188240
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