8255 E. Raintree Dr, Suite 100 - Scottsdale, AZ 85260
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Happy Joe's Pizza | Galesburg, ILsale

Happy Joe's Pizza | Galesburg, IL

, Sold.
$1,008,000

Investment Highlights

  • Absolute NNN Lease

  • Excellent Location, Right Off Freeway

  • Corporate Guarantee

  • 17,200 VPD

  • Across Street from Sandburg Mall

  • Adjacent to Hy-Vee Grocery Store

  • 2.5 Miles from Knox College

  • 29,000 Residents Within 3-Mile Radius

Investment Summary

CAP Rate: 7.63%
Lessee: Dynamic Restaurant Acquisition Inc.
Building Size: ±4,647 Square Feet
Land Area: ±40,132 Square Feet
Lease Expiration: October 23, 2032
Lease Options: 4 x 5 Year Options
NOI: $77,000
Lease Type: Absolute NNN Lease Zero LL Responsibilities
Increases: Lesser of 1.25x CPI or 2.0%
Guarantee: HJ Dynamic Holdings, LLC

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