Description
Sentinel Net Lease, LLC (“Sentinel”) acquired the Schnucks Fresh Food grocery store (the “Building”) located in the City of Loves Park, Illinois. The building totals 142,357 square feet and is 100.0% leased to Schnucks Markets, Inc.
Key Metrics
- Purchase Price: $6,560,000
- Net Rentable SF: 142,357
- 8.25% Capitalization Rate based on Year-1 NOI
- Target 18% net IRR to investors
