Property History
Property Type
Property Type
Property Subtype
Investment Highlights
**Former Happy Joe's Restaurant for sale or lease.
**Area:** 4,647 Sq. Ft.
**Location:** Strategically situated on a heavily developed retail corridor, North Henderson Street is one of Galesburg's major thoroughfares.
Property Type
Property Type
Asking Details
Asking Cap Rate
Marketing Description
Retail Investment Group is pleased to offer 2 Happy Joe’s Pizza Corporate leased properties. Happy Joe’s Pizza was recently acquired by a private equity firm which has plans to expand the franchise. Happy Joe’s has 50 locations in 7 states and the leases are corporate backed.
All leases are structured the same way. 2.0% annual increases or 1.25% CPI whichever is less.
1727 North Henderson St. Galesburg, IL ($1,100,000) – This property is 4,313 SF situated on a 40,132 SF lot. The NOI on this property is $77,000. This location is highly visible, had a recent renovation with a population of 33,500 within 5 miles.
Investment Highlights
- Absolute NNN Lease
- 4x5 Year Options to Extend
- Annual Increases of 1.25x CPI or 2.00% (Lesser Of)
- Newer Construction
- Attractive 7.00% Cap Rate
- Corporate Lease
Public Record 1
Public Record 2
Sale Date
Sold Price
Buyer Borrower 1 Corp Indicator
Buyer Borrower 1 Name
Document Type
Resale Flag
Sales Price Code
Seller 1 Corp Indicator
Transaction Type
Seller 1 Name
Sold By
Sold To
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
B-2 CommercialGeneral CommercialCommercial
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View all 147 uses Last updated Mar 19, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Sold on
BY:
Mark McLoone PRO
•••.•••.1526
mark@•••••••••••.com
Sold on
BY:
Steven Davis PRO
•••.•••.4580
••even@••••••••••.com
Sold on
BY:
Sean Stephenson PRO
•••.•••.6477
sean@••••••••••.com
Listing removed on
BY:
Jerry Dahl
•••.•••.5671
•erry@••••••••••.com
Dahl Real Estate Co
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