1597 W Lane Rd - Fast Food FOR SALE


Machesney Park, IL 61111- Outer Loves Park/Machesney Park
$3,000,000 USD
818-632-0233
1597 W Lane Rd, Machesney Park, IL for Sale
$3,000,000 USD
Fast Food - FOR SALE
1/4
null | 5.5% Cap Rate

1597 W Lane Rd
Machesney Park, IL 61111
Outer Loves Park/Machesney Park


HIGHLIGHTS

  • New Construction | 15-Year Lease | 10% Increases Every 5 Years
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Rockford Speedway Corners | Future Multi-Family/Industrial Development |Redevelopment of the Legendary Rockford Speedway
  • Dense Retail Corridor | Frontage to 33,270 VPD
  • Rockford MSA Trade Area

OVERVIEW

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Loves Park, Illinois. The tenant, Boersma Bros. LLC (dba Dutch Bros) recently signed a brand new 15-year lease, with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$2,523 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | 15-Year Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

CG

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Aron ClineSRS National Net LeaseMore Info
818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.