Retail Space - For Sale
2516 East Lincolnway Sterling, IL 61081
Details & Description
Price: $901,090
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 0.000
  • Building Sq Ft 2,850
  • Building Price per Sq Ft $316.17
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
$901,090
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 0.000
  • Building Sq Ft 2,850
  • Building Price per Sq Ft $316.17
  • 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
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.

1-Mile 3-Miles 5-Miles
Total Population5,36125,33332,578
Population Median Age404041
Population by Age0-9 Yrs691 (12%)3077 (12%)3747 (11%)
10-19 Yrs616 (11%)3522 (13%)4517 (13%)
20-29 Yrs707 (13%)3206 (12%)4057 (12%)
30-39 Yrs543 (10%)2477 (9%)3250 (9%)
40-49 Yrs796 (14%)3495 (13%)4273 (13%)
50-59 Yrs617 (11%)3230 (12%)4182 (12%)
60-69 Yrs732 (13%)3295 (13%)4372 (13%)
70+ Yrs659 (12%)3031 (11%)4180 (12%)
Median HH Income$52,757$48,469$50,265
Total Household Income< 24K431 (19%)2422 (23%)3066 (22%)
25-49K630 (27%)3000 (28%)3684 (27%)
50-74K593 (26%)2179 (20%)2883 (21%)
75-99K274 (12%)1420 (13%)1921 (14%)
100-199K227 (10%)1143 (10%)1511 (11%)
200K+101 (4%)359 (3%)501 (3%)
Highest Education LevelNo Diploma37319572564
Diploma or GED130061158238
Some College97344525737
Assoc. Degree36017722228
Bachelors Degree39617912206
Higher Degree30910911333
Total Housing Units2,40611,84015,276
--Owner-Occupied1,5196,9429,191
--Renter-Occupied7363,5814,376
Owner-Occupied Values< 100K87642575457
100-199K47318692569
200-299K99505717
300-399K42193255
400-499K102956
500K+1989137
Total Working Age Population4,24920,23026,162
In Work Force2,73312,97216,503
Not In Work Force1,5167,2599,659
Workforce Employed2,66912,33715,666
Workforce Unemployed63614815
Civlian Workforce2,73312,95116,481
Military Workforce02122
Total Households2,25510,52313,567
Family Households1,2636,3538,353
Non-Family Households9934,1715,214
Married Couple9304,4785,915
Other Family3331,8742,438
Married w/Child3701,6992,157
Single Male w/Child53231318
Single Female w/Child1919831,221

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Lee County36,062036,031+537,939+338,923
Whiteside County60,653-458,498+1265,565+468,134

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

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.

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Closest Commercial Airports
Airport Distance (mi)
Chicago Rockford International Airport (RFD) 40
Quad City International Airport (MLI) 50
Dubuque Regional Airport (DBQ) 68