2003 Morton Ave, Jacksonville, IL 62650-2622

This exceptional investment opportunity presents a fee-simple, 2,250 square foot Amoco branded convenience store and gas station located at 2003 W Morton Ave, Jacksonville, IL 62650. Built in 1991 and renovated in 2021, the property boasts a strong, consistent sales history and gaming revenue. The property is offered as a sale-leaseback with an absolute NNN lease in place for 10 years, featuring a 3% annual rent increase to protect against inflation. The current lease provides a substantial net operating income (NOI) of $156,000, resulting in an attractive 7.40% capitalization rate. The lease includes renewal options of 1 ten-year term and two five-year terms. The property is zoned commercial and qualifies for bonus depreciation. This is a turnkey investment with minimal landlord responsibilities, offering a secure and profitable return. The property sits on fee simple ownership.