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2816 Joseph Cannon Way Marion, IL

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For Sale
$1,538,000

Absolute NNN leased 7 Brew Coffee investment property.

Lot size:
0.01 Acres

Property Features for 2816 Joseph Cannon Way

General Information

Lot size
0.01 Acres

Source: SRS Industrial - Newport Beach Agent Patrick R. Luther, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Leased 7 Brew Coffee

This offering presents the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased 7 Brew Coffee investment property located in Marion, Illinois. The tenant, Brew Horizons LLC, recently signed a new 15-year lease with six 5-year options to extend. The lease includes 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. The franchisee is a 25-unit franchisee who has invested $40 million in cash into the business, with a $150 million equity commitment from investors.
Location Intelligence

Current Use by Public Records

Commercial land

Map

City
Marion
County
Williamson
State
Illinois
Longitude
-88.9331256
Latitude
37.7306054

FAQs

What type of property is this?
Commercial land - Absolute NNN leased 7 Brew Coffee investment property.
Where is this commercial land located?
The property is located at 2816 Joseph Cannon Way Marion, IL.
What is the asking price?
The asking price for this property is $1,538,000.
What are key features of this property?
This property features: - Absolute NNN lease offers a management-free, passive investment.; - Brand new 15-year lease with 6 (5-year) options shows tenant commitment.; - 10% rental increases every 5 years, hedging against inflation.
More about this property
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