2401 Maloney DrBloomington, IL 61704

For Sale
$1,695,000

High-yield NNN storefront, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 13,000-square-foot freestanding storefront building in Bloomington, Illinois, currently occupied by Friar Tuck Beverage under a Net Lease (NNN) agreement. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $135,585. The tenant, Friar Tuck Beverage, has a long-standing presence at this location, having operated there since the building's construction in 2005, and has demonstrated commitment through multiple lease renewals. The lease has approximately 1.4 years remaining, expiring March 31, 2026. Situated on a 1.06-acre lot (APN 21-02-255-001) with B-1 zoning, the property enjoys a prime location just one block from Veterans Parkway, a high-traffic thoroughfare with daily counts exceeding 40,000 vehicles. This vibrant commercial area is anchored by numerous national retailers, including Starbucks, Krispy Kreme, Chipotle, and others. Bloomington/Normal, with a population exceeding 150,000, benefits from its central location between Chicago, St. Louis, and Indianapolis, and is home to major employers such as State Farm and Country Financial, as well as significant recent additions like Rivian Automotive and Ferrero Chocolates manufacturing facilities. The area also thrives with the presence of Illinois Wesleyan University and Illinois State University. The asking price for this exceptional investment is $1,695,000, translating to a price per square foot of $130.38. This property offers a compelling combination of strong tenant occupancy (100%), a desirable location, and a high-yield return, making it an attractive addition to any investment portfolio.

Highlights

  • $1,695,000 asking price for a 13,000 SF retail storefront.
  • Net lease investment opportunity with an 8.00% cap rate.
  • 100% occupancy with a $135,585 NOI.
  • Single-tenant building leased to Friar Tuck Beverage until 03/31/2026 (1.4 years remaining).
  • Located on 1.06 acres at 2401 Maloney Dr, Bloomington, IL 61704, in a high-traffic area with strong surrounding retail.
  • B-1 zoning.

Property Details for 2401 Maloney Dr

Property type
Other retail properties, Individual retail properties
Square Feet
13,000 SF
Year Built
2005
Buildings
1
Lot Size (sq. ft)
46,174 SF

Location Insight

City
Bloomington
County
McLean
State
Illinois
Latitude
40.481310549416
Longitude
-88.949746546621
2401 Maloney Dr, Bloomington, Illinois

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2401 Maloney Dr
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