602 Woodlawn Rd Lincoln, IL 62656

This exceptional investment opportunity presents a 5,800 square foot, two-tenant retail building in Lincoln, Illinois, boasting 100% occupancy. Built in 2024 and situated on a 0.92-acre lot at 602 Woodlawn Rd, 62656, this property offers excellent visibility and accessibility with over 11,500 vehicles passing daily. Anchored by Central Illinois Urgent Care (3,800 sq ft) and OSF Healthcare (2,000 sq ft), the property benefits from a strong tenant mix and minimal lease rollover risk until 2029. The lease structure includes rare 3% annual rent increases in renewal options for both tenants, promising significant future rent growth. While one tenant operates under a triple net lease, the other offers potential upside for conversion to a NNN lease, maximizing future returns. The property's strategic location near CVS, Walgreens, Walmart, and Lincoln Memorial Hospital ensures high traffic and strong tenant demand. The asking price is $1,575,000, representing a compelling 7.15% cap rate. This is a turnkey investment with exceptional stability and growth potential. The property is a single-unit building with a multi-tenant occupancy.