Triple-Net Restaurant
For Sale
Contact for pricing
1966 N Henderson Street, Galesburg, IL 61401
Applebee’s restaurant building on approximately 1.14 acres, held under a 15-year triple-net lease with 13.16 years remaining.
Property Size5,107 SF
Lot Size1.14 Acres
Days on Market122
Property Features for 1966 N Henderson Street
General Information
Standard status
Active
Size
5,107 SF
Lot size
1.14 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 4:19AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Marcus & Millichap presents an Applebee’s restaurant property available for sale. The offering includes a 5,107-square-foot building situated on approximately 1.14 acres of land.
The property is subject to a 15-year triple-net lease with 13.16 years remaining. Rent adjustments will be subject to the lesser of change in 1.25x of CPI or 2% annually.
The property may be purchased individually or as part of a portfolio.
The property is subject to a 15-year triple-net lease with 13.16 years remaining. Rent adjustments will be subject to the lesser of change in 1.25x of CPI or 2% annually.
The property may be purchased individually or as part of a portfolio.
Key Highlights
- 5,107 SF Applebee’s restaurant building on approximately 1.14 acres in Galesburg, IL
- Subject to a 15‑year triple‑net lease with 13.16 years remaining
- Lease rent escalations: lesser of 1.25x CPI change or 2% annually
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61401, IL
31,169
Population
15,449
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
122.9 sq mi
ZIP Area
254
Density / Sq Mi
$47,728
Median Household Income
$30,501
Median Earnings
$724
Median Rent
$94,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- World Buffet — 1890 N Henderson St B, Galesburg, IL 61401
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Applebee’s restaurant building on approximately 1.14 acres, held under a 15-year triple-net lease with 13.16 years remaining.
Where is this conventional restaurant located?
The property is located at 1966 N Henderson Street Galesburg, IL.
What are key features of this property?
This property features: 5,107 SF Applebee’s restaurant building on approximately 1.14 acres in Galesburg, IL; Subject to a 15‑year triple‑net lease with 13.16 years remaining; Lease rent escalations: lesser of 1.25x CPI change or 2% annually
