1209 Lincoln Hwy Dekalb, IL 60115-3947

Property Details for 1209 Lincoln Hwy

Lot size

1.02 lot acres

Property type

Commercial real estate

APN

08-23-407-015

APU

823407015

Description

This fee-simple, absolute NNN leased Taco Bell in DeKalb, IL presents a compelling investment opportunity. Boasting a 6.25% cap rate and $145,535 NOI, this 3,238 square foot property sits on a 0.91-acre lot and benefits from a strong lease with approximately 2.4 years remaining on the base term, plus four 5-year options. The franchisee tenant, part of a large, experienced restaurant operator with over 475 units, enjoys a high-sales location near Northern Illinois University, with over 15,000 students, and benefits from high traffic counts exceeding 10,000 vehicles per day on W Lincoln Hwy. The property's prime location on a major retail corridor, near other national chains, ensures high visibility and accessibility. The lease includes 10% rent bumps every 5 years, providing inflation protection. Built in 2000, this property offers a stable, passive income stream with a proven track record of success in a desirable demographic area with an average household income exceeding $70,000 within a 5-mile radius and over 50,000 residents. The property's proximity to Huskie Stadium and Lincolnshire West Apartments further enhances its appeal. The asking price is $2,328,576, translating to $719.14 per square foot. The lease is guaranteed by AG Bells II, LLC, providing additional security.