1600 Galena AveDixon, IL 61021

This exceptional investment opportunity presents a 4,000 square foot, 100% occupied retail center in Dixon, IL. The property, built in 2019, features two tenants: Domino's Pizza and Shopko Optical, both operating under net leases with a management fee reimbursement. Shopko Optical recently renewed their lease for five years, while Domino's has five years remaining, with option periods including 10% rental increases. The property boasts a prime location on a hard-corner, high-visibility lot (19,000 vehicles per day) with ample parking (41 spaces) and prominent pylon signage. Situated in a thriving retail corridor, the center benefits from its proximity to a Walmart Supercenter (2.3 million visits annually) and numerous other national and local businesses, including Starbucks, Aldi, and Tractor Supply Co. The area is experiencing significant growth, with several new developments completed or underway, including a large commercial project anticipated to create over 600 jobs. The property's strong fundamentals, including a 7.25% cap rate and a substantial NOI of $106,040, make it an attractive investment with a remaining lease term of 4.2 years. The 0.76-acre lot is located at 1600 S Galena Ave, Dixon, IL 61021, and features a single, one-story building. The asking price is $1,463,000 ($365.75/sq ft).