Molly's & Subway | DeKalb, IL
Molly's & Subway | 8.25% CAP | NNN Leases | 9,000 SqFt
Marketing description
Addison Williams from Savills is pleased to offer for sale a 9,000 square foot two-tenant property located in Dekalb, IL. Part of the Chicago MSA, the subject property is fully occupied by Molly’s Eatery & Drinkery and Subway.
The leases are on a NNN basis, whereby the majority of expenses associated with the property are paid for by the Tenants, either directly or as reimbursements to Landlord.
The Offering yields $131,592 +/- in Scheduled Base Rent for the Scheduled Year One Cash Flow period.
Investment highlights
Longtime Historical Occupancy: Molly’s Eatery & Drinkery has been operating since 1975
2% bumps in Molly’s Eatery & Drinkery lease (taking effect February 2029) and a 2.6% Subway rent bump in approx. 1.5 years
Located in the Chicago MSA, the 3rd largest MSA in the country, with over 9.5 million residents
Across the street from Northern Illinois University (NIU) campus
Subject property sits approx. 600 feet from the nearest university hall and 5 blocks from the football stadium
Popular destination for NIU students
Below market rent per SF: $11.81 (Molly’s)
Market rent per SF within 3-mile radius: $15-16 PSF
Strong traffic counts over 25,000 vehicles per day
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