Property Summary

ESSENTIAL INFORMATION

  • 100% Occupied by Schnucks Markets, Inc.
  • “NNN” Lease.
  • Lease Expiration: December 31, 2028
  • Nine 5-year extension options with a rent increase at each extension.
  • Status SOLD
  • Area 142,357 Square Footage
  • Location Loves Park, Illinois
  • Type Shopping Center
  • Strategy Opportunistic Institutional

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

Location

Address

1750 Bradford Lane, Normal, IL 61761