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The Nlag Advantage
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Morton, IL 61550
Steak 'n Shake
Property Address
151 East Ashland Street, Morton, IL, USA
Offering Summary
Price:
$2,437,143
Lot Size:
1.41 Acres
Cap Rate:
7.0%
Year Built:
2006
Building SF:
4,360
Status:
Available
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Broker
Absolute Triple-Net (NNN) Lease with Steak ‘N Shake - Corporate Guaranty
Four Years Remaining on Lease Term with Annual Rental Increases
30,462 Residents in Growing Trade Area - Peoria, IL MSA
Average Household Income Exceeds $108,000 within a Three-Mile Radius
Easily Accessible Location Immediately Off I-74 (41,400+ Cars/Day) and North Morton Avenue (19,250+ Cars/Day)
Strong Daytime Population with 31,200+ Employees within a Five-Mile Radius
Situated in Dense Retail Corridor - Walmart, ALDI, Taco Bell, Burger King, Cracker Barrel, Culver’s, and More
Within 15 Minutes Drive-Time from Downtown Peoria, Illinois Central College - East Peoria Campus, and General Wayne A. Downing International Airport
One Mile East of the I-74 and I-155 Interchange - 64,600+ Total Cars/Day
Broker Information
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
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