105 Il-71, Newark, IL 60541
Well-maintained retail space in Newark, prime location off Rte. 71.
- Added:
- May 5, 2024
- Days on Market:
- 793
- Last Refresh:
- May 12 at 9:48 pm
Property Features for 105 Il-71
General Information
- Standard status
- Active
- Size
- 9,520 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing office eXp Realty (630) 669-6318
Listing date May 5, 2024
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
HighLights
- Solid 7.16% cap rate.
- Prime location off Rte. 71 and walking distance to downtown Newark.
- Massive retail space suitable for owner/operator.
- Great NNN Triple Net lease opportunity.
- Turnkey property, impeccably maintained and well run.
- Built in 2007.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.6k | $21.60 |
| − Vacancy | −$16.9k | −$1.77 |
| EGI | $188.8k | $19.83 |
| − OpEx | −$56.6k | −$5.95 |
| NOI | $132.1k | $13.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Kendall
- State
- Illinois
- Longitude
- -88.5214
- Latitude
- 41.5124
