Retail Space
2516 East Lincolnway Sterling, IL 61081
Details & Description
Price: $901,090
    Marcus & Millichap is pleased to present for sale this KFC / Long John Silvers Fast Food Restaurant located in Sterling, Illinois. At closing, the tenant will sign a 10-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. This Fast Food Restaurant with a Drive Thru is situated at a signalized intersection next to a Walgreens Pharmacy. This property is surrounded by many major Industrial companies including Froet industrial, P&P Injections, Micron and Alliance Bearings. Retailers in the immediate area include ALDI, Kohls, Goodwill and several other fast food restaurants. Sterling is a city in Whiteside County, Illinois with a population of 15,370. It is nicknamed Hardware Capital of the World and has long been associated with the manufacturing and steel industries. KFC, also known as Kentucky Fried Chicken, is an American fast food restaurant chain headquartered in Louisville, Kentucky, that specializes in fried chicken. It is the worlds second-largest restaurant chain (as measured by sales) after McDonalds, with 22,621 locations globally in 136 countries as of December 2019.
    Property Highlights
     Located Nearby this property is Sauk Community College with 1,628 Enrolled Students
     KFCLong John Silvers Absolute NNN 10-Year Lease with 7.5 Increases Every 5 Years
    Listing Agents
    Gabriel Britti

    O: 786-522-7017
    gabriel.britti@marcusmillichap.com
    Ronnie Issenberg
    Marcus & Millichap
    O: 786-522-7013
    ronnie.issenberg@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    2516 East Lincolnway

    Sterling, IL 61081

    KFC Long John Silvers

    Listing ID: 275838
    • 2516 East Lincolnway Sterling, IL 61081 | for Sale | Photo 1
    • 2516 East Lincolnway Sterling, IL 61081 | for Sale | Photo 2
    • 2516 East Lincolnway Sterling, IL 61081 | for Sale | Photo 3
    2516 East Lincolnway | for Sale | Thumbnail 1
    2516 East Lincolnway | for Sale | Thumbnail 2
    2516 East Lincolnway | for Sale | Thumbnail 3
    Building Size: 2,850 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $316.17
    Land $/SF:
    Price
    $901,090
    Property Highlights
    KFCLong John Silvers Absolute NNN 10-Year Lease with 7.5 Increases Every 5 Years
    Fast Food Restaurant with a Drive Thru is situated at a signalized intersection
    Sterling is the Hardware Capital of the World
    Located Nearby this property is Sauk Community College with 1,628 Enrolled Students
    Located nearby KSB Hospital a major Hospital for the surrounding Area
    KFC is considered an Essential Tenant
    Description

    Marcus & Millichap is pleased to present for sale this KFC / Long John Silvers Fast Food Restaurant located in Sterling, Illinois. At closing, the tenant will sign a 10-Year Absolute NNN Lease with 7.5 percent increases in rent every five years. This Fast Food Restaurant with a Drive Thru is situated at a signalized intersection next to a Walgreens Pharmacy. This property is surrounded by many major Industrial companies including Froet industrial, P&P Injections, Micron and Alliance Bearings. Retailers in the immediate area include ALDI, Kohls, Goodwill and several other fast food restaurants. Sterling is a city in Whiteside County, Illinois with a population of 15,370. It is nicknamed Hardware Capital of the World and has long been associated with the manufacturing and steel industries. KFC, also known as Kentucky Fried Chicken, is an American fast food restaurant chain headquartered in Louisville, Kentucky, that specializes in fried chicken. It is the worlds second-largest restaurant chain (as measured by sales) after McDonalds, with 22,621 locations globally in 136 countries as of December 2019.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Rockford History of Retail Space for Sale

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    Sterling Area Market Trends

    Listing Demographics for 2516 East Lincolnway Sterling, IL 61081

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 2516 East Lincolnway in Sterling?
    The asking price for 2516 East Lincolnway is $901,090
    What is the building size of this Retail property in Sterling, IL?
    The size of the building/unit at 2516 East Lincolnway in Sterling is 2,850 square feet
    What kind of Retail is the property at 2516 East Lincolnway?
    The property at 2516 East Lincolnway Sterling, IL 61081 is listed as a Food Service Retail property
    What is the population within 1 mile of 2516 East Lincolnway in Sterling?
    The population within 1 mile of 2516 East Lincolnway Sterling, IL 61081 is 5,361 people.
    Who do I contact for questions about 2516 East Lincolnway?
    You should contact the listing agent, Gabriel Britti, for any details regarding this commercial listing.

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