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    OFF-MARKET
    Retail properties & Spaces

    2900 Joseph Cannon Way, Marion, IL 62959

    7,700 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 7,700 square foot freestanding Olive Garden restaurant located at 2900 Joseph Cannon Wy, Marion, Illinois, 62959. The property boasts a strong 100% occupancy rate under a 10-year Absolute NNN lease with 9 years remaining. The current lease provides a substantial Net Operating Income (NOI) of $145,000, translating to an attractive 5.25% capitalization rate. The asking price for this turnkey investment is $2,761,904. This single-tenant property offers a secure and passive income stream, backed by a well-established national restaurant chain with a proven track record. Situated in Williamson County, Illinois, this location benefits from excellent visibility and accessibility. The property's size and established tenant make it an ideal addition to any diversified real estate portfolio seeking consistent returns and long-term stability. This is a rare opportunity to acquire a high-performing asset in a desirable market. The property is offered as an absolute NNN lease, minimizing landlord responsibilities and maximizing passive income potential. Don't miss this chance to secure a valuable piece of commercial real estate.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 7,700 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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