1230 Chicago Ave - Service Station FOR SALE
Savanna, IL 61074 |
1230 Chicago Ave
Savanna, IL 61074
HIGHLIGHTS
- Long-Term NNN Master Lease to J.B. Sullivan’s Inc., d.b.a. as Savanna Station
- Tenured, Low Rent C-Store and Gas Station with Partial Sublease to McDonald’s Corporation (NYSE: MCD)
- McDonald’s Sublease is Well Below Market at Just Over $34,000 Per Year
- us, 1.56 Acre Site Includes a Drive-Thru for McDonald’s and Eight (8) BP Fuel Pumps
- New Ownership: The J.B. Sullivan’s Grocery Chain and Other Business Units were Acquired by Coborn’s Inc. ($1.4B Revenue) in June 2023
- McDonald’s has Operated on the Premises since August of 1999
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Savanna Station - Savanna, IL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store
TOTAL BUILDING SIZE
6259
STORIES
1
YEAR BUILT
1997
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
08-07-11-100-032
