602 WOODLAWN RD

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602 WOODLAWN RD

LINCOLN, IL 62656
Asking Price
$1.38M
Cap Rate
7.75%
Asset Type
Shopping Center Retail
Class
Class B

What's Special

100% Occupied Two-Tenant Strip Center <ul><li>​100% Occupied Two-Tenant Strip Center</li><li>​All NNN Leases</li><li>​Zero Rollover until 2029</li><li>​Rare Annual Rent Bumps in Options</li><li>​OSF just Elected to Convert their lease to NNN showing their commitment to this location</li></ul>

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NOI
$80,000
Cap Rate
5.80%
DSCR
0.98
Underwater
Cash-on-Cash
-0.47%
Monthly Payment
$6,827.487
Annual Cash Flow
$-1,929.845

Location & Travel Times