313 S State St - Freestanding FOR SALE


Atkinson, IL 61235
$960,000 USD
213-261-4944
313 S State St, Atkinson, IL for Sale
$960,000 USD
Freestanding - FOR SALE
1/8
null | 6.25% Cap Rate

313 S State St
Atkinson, IL 61235


OVERVIEW

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 2.84-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, a company with annual revenues exceeding $24 million. The Janra brand has a long-standing history, tracing its origins back to 1973, and has evolved into a major player in the adult product retail and wholesale space through strategic mergers and acquisitions. Janra’s solid financial standing ensures dependable rent payments, providing peace of mind for investors. There is an additional PG from the CEO with extremely high net worth.

FOR SALE DETAILS

PRICE

$960,000 USD

PRICE/SF

$215 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

-

APN/PARCEL ID

14-03-200-002

ASK ABOUT THIS PROPERTY

Edan ShalomCentennial AdvisersMore Info
213-261-4944

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Edan ShalomCentennial AdvisersMore Info
213-261-4944

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