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 ID: 275838
Property URL: melqr.com/275838
Generated: 04-28-24

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.

Retail Space / Illinois / Sterling / 61081 / 2516 East Lincolnway

2516 East Lincolnway

Sterling, IL 61081

KFC Long John Silvers

Listing ID: 275838

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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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Month	Payment	Principal	Interest	Total Interest	Balance
$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

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 Population		5,361	25,333	32,578
Population Median Age		40	40	41
Population by Age	0-9 Yrs	691 (12%)	3077 (12%)	3747 (11%)
	10-19 Yrs	616 (11%)	3522 (13%)	4517 (13%)
	20-29 Yrs	707 (13%)	3206 (12%)	4057 (12%)
	30-39 Yrs	543 (10%)	2477 (9%)	3250 (9%)
	40-49 Yrs	796 (14%)	3495 (13%)	4273 (13%)
	50-59 Yrs	617 (11%)	3230 (12%)	4182 (12%)
	60-69 Yrs	732 (13%)	3295 (13%)	4372 (13%)
	70+ Yrs	659 (12%)	3031 (11%)	4180 (12%)

Median HH Income		$52,757	$48,469	$50,265
Total Household Income	< 24K	431 (19%)	2422 (23%)	3066 (22%)
	25-49K	630 (27%)	3000 (28%)	3684 (27%)
	50-74K	593 (26%)	2179 (20%)	2883 (21%)
	75-99K	274 (12%)	1420 (13%)	1921 (14%)
	100-199K	227 (10%)	1143 (10%)	1511 (11%)
	200K+	101 (4%)	359 (3%)	501 (3%)

Highest Education Level	No Diploma	373	1957	2564
	Diploma or GED	1300	6115	8238
	Some College	973	4452	5737
	Assoc. Degree	360	1772	2228
	Bachelors Degree	396	1791	2206
	Higher Degree	309	1091	1333

Total Housing Units		2,406	11,840	15,276
--Owner-Occupied		1,519	6,942	9,191
--Renter-Occupied		736	3,581	4,376
Owner-Occupied Values	< 100K	876	4257	5457
	100-199K	473	1869	2569
	200-299K	99	505	717
	300-399K	42	193	255
	400-499K	10	29	56
	500K+	19	89	137

Total Working Age Population		4,249	20,230	26,162
In Work Force		2,733	12,972	16,503
Not In Work Force		1,516	7,259	9,659
Workforce Employed		2,669	12,337	15,666
Workforce Unemployed		63	614	815
Civlian Workforce		2,733	12,951	16,481
Military Workforce		0	21	22

Total Households		2,255	10,523	13,567
Family Households		1,263	6,353	8,353
Non-Family Households		993	4,171	5,214
Married Couple		930	4,478	5,915
Other Family		333	1,874	2,438
Married w/Child		370	1,699	2,157
Single Male w/Child		53	231	318
Single Female w/Child		191	983	1,221

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Lee County	36,062	0	36,031	+5	37,939	+3	38,923
Whiteside County	60,653	-4	58,498	+12	65,565	+4	68,134

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

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.

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 propery 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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Closest Commercial Airports

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