1230 Chicago Ave, Savanna, IL 61074
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.