Marion Illinois 62959 Deyoung St And Sinclair Dr Marion, IL 62959
- Retail properties
- 1,760 SF
- 0.61 lot acres
Current Use by Public Records
- Retail properties
Property Details for Marion Illinois 62959 Deyoung St And Sinclair Dr
- Year built
- 2023
- Lot size
- 0.61 lot acres
- Property size
- 1,760 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
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).
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Williamson
- State
- Illinois
- Longitude
- -88.9747
- Latitude
- 37.7444
