McDonald's 2 Tenant 4,728 SF Retail Building 7.0% Cap Rate
FOR SALE
$1,427,000
606 East Lincoln Way, Morrison, IL 61270
4,728 SF
Square Feet
$302
PPSF
7.00%
CAP
Property Description
NOI
$99,891
Cap Rate
7.00%
Rare Fee Simple McDonald's Dual Tenant Building | Minimal Landlord Responsibilities | 4,728 SF Building on 1.04 Acre Lot
Rare 12% Rent Increases at Each (5) Year Option for McDonald's with the Next One at Renewal Option in March 2027 | 7 Five Year Renewal Options Remaining
Liquor Land Recently Signed a New 5-Year Lease in Adjacent Space next to McDonald's with two 5-Year Renewal options beginning on 05/28/2029 | Minimal Landlord Responsibilities
McDonald's is in the Top 7% of Most Visited Restaurants in a 30-Mile Radius
Shared Access with Casey's Gas Station in Top 25% of the Most Visited Locations in the United States | Premiere Visibility on US-30
Retail Corridor includes Top 11% in the Country Dollar General with 191K Visits and Dairy Queen with 142K visits
Broker of Record: Steven Weinstock, One Mid America Pl, St. 200 Oakbrook Terrace, IL (630)570-2200 [email protected] Lic#471.011175
Property Details
Asset Type
Retail
Year Built
2012
Lot Size
1 SF
Submarket
Morrison
ZIP
61270
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$158,477
Debt Service Coverage Ratio (DSCR)
1.95x
Cap Rate
11.11%
Cash Flow (Annual)
$77,301
Cash-on-Cash Return
21.67%
Monthly Debt Service
$6,765
Annual Debt Service
$81,176
View on Map
Address
606 East Lincoln Way
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Morrison Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.