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23217323
24343246

313 S State St, Atkinson, IL 61235

ES
CA CA BR02033047, #02033047
Centennial Advisers
CA
Centennial Advisers
Listed by Centennial Advisers
$857,142
397 days on market
Updated 47 days ago

Suzies Adult Superstore

Details
APN 14-03-200-002
Property Type Retail
Sub Type Storefront
Square Footage 4,460
Net Rentable (SqFt) 4,460
Cap Rate 7%
NOI $60,000
Occupancy 100%
Tenancy Single
Brand/Tenant Suzies
Lease Type NNN
Lease Term 20
Lease Expiration 07/31/2044
Remaining Term 18.2
Rent Bumps Yes
Lease Options 5 year extensions
Broker Co-Op Yes
Buildings 1
Stories 1
Lot Size (SqFt) 58,507
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2024

Annual rent bumps and consistent cashflow

Marketing description

This NNN investment opportunity offers a rare chance to acquire a strategically located asset backed by a leading national adult product retailer. Established in 1973, Suzies has grown into the #1 retailer of adult novelties, lingerie, and pleasure products, with over 50 locations nationwide. The property is a single story 4,460 SF situated on a spacious 1.34-acre lot along Highway 80, one of only three transcontinental highways in the U.S., ensuring high traffic visibility and easy accessibility. The neighboring parcels are in discussions to be developed into QSR’s with drive-thru’s.

LEASE STRUCTURE

The investment has a new 20-year absolute triple-net (NNN) lease with over 19 years left, placing all maintenance, insurance, and property tax responsibilities on the tenant, leaving no landlord responsibilities. The lease includes 2% annual rent increases, providing a hedge against inflation, and five 5-year extension options, ensuring long-term stability. With an experienced operator and a solid history of performance, Suzies offers strong security for this lease along with an additional personal guarantee.

CORPORATE GUARANTEE + PG

The lease is backed by a corporate guarantee from Janra Investments, LLC. Information available to qualified investors .

Investment highlights

Recent M&A Sale-Leaseback - Operator of 50+ locations nationally

4,460 SF single story building on a 1.34 acre lot

Located along the off ramp of Highway 80, 1 of only 3 transcontinental highways in US

20-year absolute triple-net lease with over 19 years left

2% annual increases to hedge off inflation & throughout all options

Five 5-yr lease extension options

No landlord responsibilities

Established brand since 1970’s – Leading adult product retailer

Corporate guarantee- Janra Investments

PG – information available to qualified buyers

Listing Contacts

ES
CA CA BR02033047, #02033047
Centennial Advisers
CA
Centennial Advisers
Listed by Centennial Advisers

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Loan Amount
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$60,000.00
$5,000.00/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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