Net Leased Multi-Tenant Retail
824-830 Dixie Hwy Hoopeston, IL 60942
824-830 Dixie Hwy, Hoopeston, IL, 60942
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For Sale
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Multi-tenant retail building with NN leases, anchored by a long-term McDonald's with a guarantee through 2032.
Property Size6,649 SF
Days on Market104
Property Features for 824-830 Dixie Hwy
General Information
- Standard status
- Active
- Size
- 6,649 SF
- Property subtype
- Retail
Listing agency
Fortis Net Lease
Listed by
Doug Passon · License #MI 6502361821
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 2:19PM Checked: Jul 22 at 2:19PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Fortis Net Lease presents a 6,649 SF multi-tenant retail building in Hoopeston, IL, encumbered by net leases and designed to require minimal landlord responsibilities. The anchor tenant is McDonald's, which has been operating at the location for over five years. The lease is corporately guaranteed and runs through 2032, with seven, five-year options to extend, and includes rent increases every five years along with those option periods.
Other tenants listed include Hoopeston Community Hospital (dba Verizon Wireless) and Robinson Chiropractic. Both tenants are stated as under lease through January 2022, and Verizon is described as subleasing from Hoopeston Community Hospital through June 2020 with a two-year option to extend.
The property is situated on a corner at the signalized intersection of Orange St and Chicago St, positioned as an outlot to an IGA Superstore. The site is reported to experience average daily traffic exceeding 11,900 vehicles passing the location, with additional community retail context including national tenants such as CVS, Dollar General, IGA Superstore, Casey's General Store, NAPA, Dairy Queen, and Subway.
Other tenants listed include Hoopeston Community Hospital (dba Verizon Wireless) and Robinson Chiropractic. Both tenants are stated as under lease through January 2022, and Verizon is described as subleasing from Hoopeston Community Hospital through June 2020 with a two-year option to extend.
The property is situated on a corner at the signalized intersection of Orange St and Chicago St, positioned as an outlot to an IGA Superstore. The site is reported to experience average daily traffic exceeding 11,900 vehicles passing the location, with additional community retail context including national tenants such as CVS, Dollar General, IGA Superstore, Casey's General Store, NAPA, Dairy Queen, and Subway.
Key Highlights
- 6,649 SF multi‑tenant building in Hoopeston, IL with NN leases and minimal landlord responsibilities
- McDonald's is the anchor tenant with corporate guarantee through 2032 and seven, five‑year extension options
- McDonald's lease includes rent increases every five years, including option periods
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Multi-tenant retail building with NN leases, anchored by a long-term McDonald's with a guarantee through 2032.
Where is this retail space located?
The property is located at 824-830 Dixie Hwy Hoopeston, IL.
What are key features of this property?
This property features: 6,649 SF multi‑tenant building in Hoopeston, IL with NN leases and minimal landlord responsibilities; McDonald's is the anchor tenant with corporate guarantee through 2032 and seven, five‑year extension options; McDonald's lease includes rent increases every five years, including option periods
