NNN Ground Lease Retail
For Sale
Contact for pricing
614 W Van Buren St, Clinton, IL 61727
Absolute NNN ground lease with 13.5 years remaining and 2% annual rental increases, built in 2022.
Property Size684 SF
Price / SF$2,420
Days on Market167
Property Features for 614 W Van Buren St
General Information
Standard status
Active
Size
684 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$127,500
Building Details
Year Built
2022
Units
1
Tenancy
Single
Listing Agency:
Veritas Realty
Listed By:
Phoebe Aaron · License #24001509
(317) 472-1800
Source:
Crexi
Added: Apr 1
Changed: Sep 8
Last Checked: Sep 14 at 6:31AM
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 Veritas Realty
Investment Insights
Based on property information with market context.
This retail NNN ground lease property is offered on an absolute NNN basis, stating zero landlord responsibilities. The initial lease term has 13.5 years remaining, with 2.0% annual rental increases designed to support steady NOI growth. The building is new construction from 2022, intended to minimize capital expenditure risk.
The property is located along W Van Buren St. (IL-54) with reported 8,550 AVD. It is directly across from Clinton High School, positioned within a retail corridor featuring tenants such as McDonald’s, Dairy Queen, CVS, AutoZone, Tractor Supply, Verizon, Dollar General, Hardee’s, and others.
The property is located along W Van Buren St. (IL-54) with reported 8,550 AVD. It is directly across from Clinton High School, positioned within a retail corridor featuring tenants such as McDonald’s, Dairy Queen, CVS, AutoZone, Tractor Supply, Verizon, Dollar General, Hardee’s, and others.
Key Highlights
- Absolute NNN ground lease with zero landlord responsibilities
- 13.5 years remaining on the initial lease term
- 2% annual rental increases for steady NOI growth
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
9,211 visits/mo
0.1 miles
Circle K
Shops & Services
8,183 visits/mo
0.1 miles
Dollar Tree
Shops & Services
6,524 visits/mo
0.2 miles
Demographics for 61727, IL
9,450
Population
4,363
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
90%
High-School Grad
127.2 sq mi
ZIP Area
74
Density / Sq Mi
$61,614
Median Household Income
$41,390
Median Earnings
$912
Median Rent
$115,700
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN ground lease with 13.5 years remaining and 2% annual rental increases, built in 2022.
Where is this nnn property located?
The property is located at 614 W Van Buren St Clinton, IL.
What is the asking price?
The asking price for this property is $1,655,844.
What are key features of this property?
This property features: Absolute NNN ground lease with zero landlord responsibilities; 13.5 years remaining on the initial lease term; 2% annual rental increases for steady NOI growth
