Pontiac Commons | Pontiac, IL
For Sale
Pontiac Commons | Pontiac, IL
Asking Price: $1,545,000
| Cap Rate: 7.5%
- Net Operating Income: $115,760
- Weighted Avg. Lease Term (WALT): 3.66 Years
- Lease Type: Net
Property Highlights
- Stabilized Investment Opportunity; 100% leased shopping center anchored by Jimmy Johns drive-thru. All tenants are signed to landlord favorable net-leases
- Complimentary Mix of Tenants; Mix of national and local tenants that all have multiple lease options Weighted average lease term of 3.75 years
- High Traffic Corridor; Strong traffic counts along Reynolds St. (16,457 VPD) and Old Route-66 (12,986 VPD)
- Redevelopment Opportunity; Property features an additional +/- 5 acres of developable land directly north of the building off Elks Club Road
