Marion Illinois 62959 Deyoung St And Sinclair Dr Marion, IL 62959

This exceptional investment opportunity presents a 1,760 square foot Take 5 Oil Change, built in 2023, located at the hard corner of W. Deyoung Street and Sinclair Drive in Marion, Illinois (62959). The property sits on a 0.61-acre lot with 9 parking spaces and benefits from a C-2 Highway Commercial zoning designation. The absolute NNN lease boasts a 6.50% cap rate, a $129,550 NOI, and 100% occupancy. The franchisee tenant has over 14 years remaining on their lease, with eight 5-year renewal options, each including a 7.5% rent increase. This translates to a steadily growing income stream, effectively hedging against inflation. The property's prime location within a dense retail corridor, near major retailers such as Walmart, Sam's Club, Home Depot, and Target, and numerous auto dealerships, ensures high visibility and strong customer traffic. The 5-mile trade area boasts a population exceeding 28,700 residents and 20,900 employees, with an average household income of $120,643 within a 1-mile radius. The asking price is $1,993,000 ($1,132.39/sq ft). This is a truly management-free investment opportunity with significant long-term growth potential. The ground lease is in place, representing leased fee ownership (land ownership).