SINGLE TENANT NNN. DENNY S 1407 W Hudson Blvd Litchfield, IL
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1 1407 W Hudson Blvd Litchfield, IL
2 INVESTMENT SUMMARY Colliers is pleased to present the single tenant triple net leased property at 1407 W Hudson Boulevard in Litchfield, Illinois. The tenant is a Denny s occupying the total building area of 4,413 square feet, all of which sits on a 43,560 square foot lot. There are approximately 44 parking spaces available that run with the parcel. The property is right off of Interstate 55 and route 16(W Union Ave), within a larger commercial area.» 5 Hotels within walking distance to the property; Super 8, America s Best Value Inn, Baymont Inn & Suites, Holiday Inn and Hampton Inn.» Adjacent to many fast food and dinning options; Arby s, Jack in the Box, Burger King, Ruby Tuesday, KFC, McDonald s, Taco Bell, Wendy s and A&W.» Other Surrounding Retailers Include; Walmart Super Center, Walgreens, Westside Cinema and Dollar General W HUDSON BLVD LITCHFIELD, IL COLLIERS INTERNATIONAL
3 EXECUTIVE SUMMARY Executive Summary PROPERTY LOCATION 1407 W Hudson Drive Litchfield, Illinois L I T C H F I E L D I L L I N O I S OFFERING SUMMARY Price $2,050,000 Current NOI / Cap Rate $145,068/ 7.1 % Rentable Building Area Lot Size 4,413 SF 43,560 SF/ 1.00 AC Built/ Renovated Approx 2007 Parking APN ±44 Spaces 9.97 per 1,000 SF / INVESTMENT HIGHLIGHTS» Close Proximity to Walmart Super-Center and Many Other National Retail and Hospitality SUBJECT PROPERTY Tenants» Located in Retail Hub of the Region» Located Along Interstate 55» Great Building and Monument Signage 1407 W HUDSON BLVD LITCHFIELD, IL COLLIERS INTERNATIONAL
4 LITCHFIELD LITCHFIELD, ILLINIOS Known as the hub of Central Illinois, our small town community has many hidden treasures. Located along Interstate 55, Litchfield is approximately one hour from St. Louis, Missouri and Springfield, Illinois. This great city has experienced economic growth beyond its expectations. With two industrial parks, an airport, regional educational center, and full service medical facilities, the City of Litchfield is perfect for attracting newcomers. Recreation is at its best in this Central Illinois community. Litchfield has numerous parks and lakes for the outdoor lover. Lake Lou Yaeger is over 1200 acres, 45 miles of beautiful shoreline with 300 acres of parks. The Lake draws fishermen and boaters from both Illinois and Missouri. Litchfield IL Rt 66 FestivalTake a trip back in time and don t miss the Hall of Fame sites located along Route 66. Experience the nostalgia of three miles of original Mother Road highway while driving through Litchfield. The City of Litchfield can meet the needs of visitors whether it is for a day or a lifetime with beautiful accommodations, fine dining, and great shopping facilities. Come see what others have already discovered. The City of Litchfield: committed to growth and improving quality of life. SUBJECT PROPERTY POPULATION 1 - Mile 3 - Miles 5 - Miles 2022 Projection 1,094 6,770 8, Estimate 1,134 6,908 8, Census 1,218 7,153 8,538 Historical Annual Growth (6.89%) (3.43%) (3.11%) Average Household Income $48,564 $51,712 $54,194 Source: W HUDSON BLVD LITCHFIELD, IL COLLIERS INTERNATIONAL
5 L I T C H F I E L D I L L I N O I S Los Angeles Office 865 S. Figueroa St. Suite 3500 Los Angeles, CA Christopher Maling David Maling Erin Torney Joe Hill Craig Stevens Local Agent Local Agent License No: Lic. No Lic. No chris.maling@colliers.com david.maling@colliers.com erin.torney@colliers.com joe.hill@colliers.com craigstevens@charlesdunn.com
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