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Molly's & Subway | DeKalb, IL
928 W Lincoln Hwy, DeKalb, IL 60115
Available Now
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FOR SALERetail / Fast Food
Cap Rate
8%
NOI
$131,592
Building Size
9,000SF
Lot Size
0.84AC
Occupancy
100%
Tenancy
Multi Tenant
Listing Contacts
More property details
Currently Leased
No
Investment
Net Lease
Broker Co-op
Yes
No of Buildings
1
Ownership
Fee Simple
Location
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Molly's & Subway | DeKalb, IL
About the location
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.
Location 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