105 Il-71 Newark, IL 60541

Property Details for 105 Il-71

Year built

2007

Property size

9,520 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Class A retail property, located at 105 IL-71 in Newark, Illinois (60541), presents a compelling investment opportunity. The 9,520 square-foot building, constructed in 2007, sits on a 78,137 square-foot lot and boasts 26 parking spaces. Currently operating as a single-tenant convenience store/shopping center/storefront, the property offers a strong 100% occupancy rate and a substantial Net Operating Income (NOI) of $142,800, translating to a 7.16% capitalization rate at the asking price of $1,995,000 ($209.56 per square foot). The property is zoned B-2 and features a triple net (NNN) lease. The current owner is open to either remaining as an operator for a new landlord or vacating the premises for an owner-operator. This turnkey property is ideally situated off Route 71, within walking distance of downtown Newark, offering excellent visibility and accessibility. This is a rare opportunity to acquire a high-performing retail asset in a thriving Illinois market. The property's single-tenant structure minimizes management complexities, while its strong financial performance and prime location ensure a secure and profitable investment. The property's parcel number is 0706402005.

Location Insight

City

Newark

County

Kendall

State

Illinois

Longitude

-88.5851

Latitude

41.534