1803 IL-1 Marshall, IL 62441
$2,769,000
For Sale
Details
- StatusFor Sale
- Price$2,769,000
- Cap Rate6.50%
- TenantsShellArby's
- Term Remaining12.5 Years
- Lease TypeAbsolute NNN
- Building Size5,509 SF
- Lot Size1.60 Acres
- NOI$180,000
Property Description
Secure your investment portfolio with this prime offering in Marshall, IL. Featuring a 5,509 SF building on a 1.60-acre lot, this property is leased to strong national tenants, Shell and Arby’s, under an absolute NNN master lease. With zero landlord responsibilities and a solid personal guaranty, this investment ensures reliable and steady income.
Located at 1803 IL-1, Marshall, IL, the property boasts excellent exposure from Illinois Route 1 (8,600 VPD) and immediate access to Interstate 70 (26,000 VPD), a major east-west transportation corridor. The lease, initiated in 2022, has approximately 12.5 years remaining, with 5% rental increases every 5 years and three 10-year renewal options. This investment is listed at $2,769,000 with a 6.50% cap rate and $180,000 NOI.
Highlights Include:
- Zero landlord responsibilities with an absolute NNN lease.
- Anchored by Shell and Arby’s, providing strong tenant stability.
- High-traffic location near national retailers and I-70.
- Attractive 5% rental escalations every 5 years.
- Potential for long-term income growth with renewal options.
For further details or to schedule a property tour, contact us today.
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