Highlights

•Established Tenant: Molly’s Eatery & Drinkery has been in operation since 1975 •Lease Increases: Molly’s lease includes a 2% rent increase starting February 2029, and Subway’s rent will rise by 2.6% in about two years •Prime Location: Situated in the Chicago MSA, the nation’s third-largest metro area with over 9.5 million people •Proximity to Campus: Located just across from Northern Illinois University (NIU), about 600 feet from the closest university building and five blocks from the football stadium •Popular Spot: A favored location among NIU students •Competitive Rent: Molly’s rent is below market at $11.81 per square foot, compared to the $15-$16 per square foot market rate within a three-mile radius •High Visibility: Benefits from strong daily traffic counts exceeding 25,000 vehicles

Description

Addison Williams of CBRE is pleased to present for sale a 9,000-square-foot, two-tenant property in Dekalb, IL, within the Chicago metropolitan area. The building is fully leased to Molly’s Eatery & Drinkery and Subway. The leases are structured on a NNN basis, meaning that most property expenses are covered by the tenants, either directly or through reimbursements to the landlord. The offering generates approximately $131,592 in scheduled base rent for the first year’s cash flow period.

Property Documents

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DeKalb IL_Mollys Subway Flyer.pdf

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Listing Details

  • Cap Rate

    8%

  • Tenancy

    Multi

  • Space Type

    Retail

  • Sub Category

    Fast Food/QSR

  • Date Listed

    10/8/2025

  • Ownership Info

    Fee Simple

  • Broker/Agent Co-op

    Yes

  • Investment Type

    Net Lease

  • Net Operating Income

    $131,592

Property Specifics

  • Property Name

    Molly's & Subway | DeKalb, IL

  • No of Buildings

    1

  • Building Size

    9,000 SF

  • Lot Size

    0.84 Ac

  • Occupancy

    100%