Great NNN Triple Net lease for a landlord or opportunity for an owner/operator to take over a massive retail space in the growing city of Newark. Impeccably maintained and well run, this property is in a prime location off of Rte. 71 and walking distance to downtown Newark. Boasting a solid 7.16% cap rate, this single tenant opportunity on a turnkey property is not to be missed. Owner is open to staying on and continuing to operate for new landlord or vacating for an owner/operator. Come see this asap!
Newark is located in Illinois. Newark, Illinois has a population of 1,251. Newark is less family-centric than the surrounding county with 43.79% of the households containing married families with children. The county average for households married with children is 43.85%.
The median household income in Newark, Illinois is $73,409. The median household income for the surrounding county is $89,860 compared to the national median of $57,652. The median age of people living in Newark is 33.8 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 13.8 degrees. The average rainfall is approximately 38 inches per year, with 26.6 inches of snow per year.