1510 West Lane Road
Machesney Park, IL
Price:
$5228000
Cap Rate:
6.15%
NOI:
$321,515
Building Size:
Approx. 5693 Sq. Ft.
Lot Size:
Approx. 1.27 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2003
Investment Overview
- 5,693+/- SF Building on 1.27+/- Acre Site
- 20-YR ABS NNN Lease w/ 10+ YR’s remaining & 1.5% Annual Bumps
- Located along West Lane Rd (18K VPD), just West of Hwy 251 (25K VPD)
- Outparcel to Target anchored Shopping Center, near Home Depot & Lowes
- 3-Mile Radius: Est 1,284 Busi w/ 13,286 Empl | Avg. HH Income: $70,212
- Manchesney Park is a suburb of Rockford – Located 86-Miles NW of Chicago
- Chicagoland (MSA) | 3rd Largest MSA in the U.S | Population: 9,461,105