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2401 Maloney Dr Bloomington, IL 61704

For Sale
$1,695,000

High-yield NNN storefront, strong tenant.

Property size:
13,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional investment opportunity presents a 13,000-square-foot freestanding storefront building in Bloomington, Illinois, currently occupied by Friar Tuck Beverage under a Net Lease (NNN) agreement. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $135,585. The tenant, Friar Tuck Beverage, has a long-standing presence at this location, having operated there since the building's construction in 2005, and has demonstrated commitment through multiple lease renewals. The lease has approximately 1.4 years remaining, expiring March 31, 2026. Situated on a 1.06-acre lot (APN 21-02-255-001) with B-1 zoning, the property enjoys a prime location just one block from Veterans Parkway, a high-traffic thoroughfare with daily counts exceeding 40,000 vehicles. This vibrant commercial area is anchored by numerous national retailers, including Starbucks, Krispy Kreme, Chipotle, and others. Bloomington/Normal, with a population exceeding 150,000, benefits from its central location between Chicago, St. Louis, and Indianapolis, and is home to major employers such as State Farm and Country Financial, as well as significant recent additions like Rivian Automotive and Ferrero Chocolates manufacturing facilities. The area also thrives with the presence of Illinois Wesleyan University and Illinois State University. The asking price for this exceptional investment is $1,695,000, translating to a price per square foot of $130.38. This property offers a compelling combination of strong tenant occupancy (100%), a desirable location, and a high-yield return, making it an attractive addition to any investment portfolio.

Property Features for 2401 Maloney Dr

General Information

Property type
Individual retail properties
Square Feet
13,000 SF
Lot Size
46,174 SF

Building Details

Year Built
2005
Buildings
1

HighLights

  • $1,695,000 asking price for a 13,000 SF retail storefront.
  • Net lease investment opportunity with an 8.00% cap rate.
  • 100% occupancy with a $135,585 NOI.
  • Single‑tenant building leased to Friar Tuck Beverage until 03/31/2026 (1.4 years remaining).
  • Located on 1.06 acres at 2401 Maloney Dr, Bloomington, IL 61704, in a high‑traffic area with strong surrounding retail.
  • B‑1 zoning.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Friar Tuck Beverage Liquor Store

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bloomington
County
McLean
State
Illinois
Longitude
-88.949746546621
Latitude
40.481310549416

FAQs

What type of property is this?
Individual retail property - High-yield NNN storefront, strong tenant.
Where is this individual retail property located?
The property is located at 2401 Maloney Dr Bloomington, IL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: $1,695,000 asking price for a 13,000 SF retail storefront.; Net lease investment opportunity with an 8.00% cap rate.; 100% occupancy with a $135,585 NOI.
More about this property
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