Property Summary

Schnucks

ESSENTIAL INFORMATION

  • 100% Occupied by Schnucks Markets, Inc.
  • “NNN” Lease.
  • Lease Expiration: March 4, 2026
  • Six 5-year extension options with a rent increase at each extension.
  • Status CLOSED
  • Area 57,000 Square Footage
  • Location Normal, Illinois
  • Type Shopping Center
  • StrategyOpportunistic Institutional

Description

Sentinel Net Lease, LLC (“Sentinel”) acquired the Schnucks Fresh Food grocery store (the “Building”) located in the City of Normal, Illinois. The building totals 57,000 square feet and is 100.0% leased to Schnucks Markets, Inc.

Key Metrics

  • Purchase Price: $11,733,000
  • Net Rentable SF: 57,000
  • 10% Capitalization Rate based on Year-1 NOI
  • Projected 2.1x Equity Multiple
  • Target 15% net IRR to investors

Gallery

20200521_133346
20200521_133012
BuildingPhoto_2

Location

Address

1810 Harlem Road, Loves Park, IL 61111