Property profile

1230 Chicago Ave Savanna, IL 61074

OFF-MARKET
Retail properties & Spaces
6,529 SF 1.56 ac lot Built 1997
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Property summary

AI-generated overview

This exceptional retail investment opportunity presents a 6,529 square foot property in Savanna, IL, featuring a McDonald's and BP gas station under a master lease with J.B. Sullivan, Inc., a subsidiary of Coborn's Inc. (a $1.2 billion revenue company). The property boasts a 1.56-acre lot with a drive-thru and eight fuel pumps. The absolute NNN lease has a remaining term of 13.5 years, with four 5-year options. The current annual net operating income (NOI) is $85,290, representing a 6.25% cap rate. The asking price is $1,365,000. The McDonald's sublease is significantly below market value at just over $34,000 annually. Built in 1997, this property benefits from its location as one of only two gas stations in Savanna, with McDonald's having operated there since August 1999. Rent bumps are flat. This is a strong, long-term investment with a well-established tenant base in a desirable location. The property's strategic positioning and the strength of its tenants make this a compelling opportunity for investors seeking stable, high-yield returns.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1997
Total area 6,529 SF
Lot 1.56 ac (67,954 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1230 Chicago Ave Savanna, IL 61074
Savanna metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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