List with SIG
Tap into the expertise of brokers who specialize in your property type.
Get In TouchCasey’s | Dixon, IL
Casey's
1751 South Galena Avenue, Dixon, IL 61021, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,200 SF Casey’s NNN Ground Lease Asset Located at 1751 South Galena Avenue in Dixon, IL. This Deal Includes a Brand New 20-Year NNN Ground Lease With Over 19 Years Remaining on the Base Term and a Rare Opportunity to Acquire a Best-in-Class Tenant That Has Historically Owned All Their Own Real Estate, Providing For a Secured Investment.
- Oversized, 3.14 Acre Parcel Located on a Hard Corner Across From a Walmart Supercenter and ALDI
- Rare Opportunity to Acquire a Best-in-Class Tenant That Has Historically Owned All Their Own Real Estate
- Strong Corporate Guarantee From Casey’s General Stores Inc. (NASDAQ: CASY) That Operates Approximately 2,900 Convenience Stores Across the Country
- Brand New 20 Year NNN Ground Lease With Over 19 Years Remaining on the Base Term
- 10% Rent Increases Throughout the Base Term and Renewal Options
- Dixon is a Thriving Community of Approximately 16,000 Residence in Northwest Illinois Located Along the Scenic Rock River in Northwestern, and Serves as the County Seat of Lee County
- Property Sits Next to Other Major Retail Developments With Corporate Tenants Including: Aldi, Pizza Hut, Chipotle, Marriot Hotels, T-Mobile, Jersey Mikes and Starbucks
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429
Casey's
1751 South Galena Avenue, Dixon, IL 61021, USA
CASEY’S
Casey’s Retail Company (doing business as Casey’s) is a chain of convenience stores in the Midwestern and Southern United States. The company is headquartered in Ankeny, Iowa, a suburb of Des Moines. Casey’s is a Fortune 500 company (NASDAQ: CASY) operating nearly 2,900 convenience stores. Founded more than 50 years ago, the company has grown to become the third-largest convenience store retailer and the fifthlargest pizza chain in the United States. Casey’s provides freshly prepared foods, quality fuel and friendly service at its locations. Guests can enjoy pizza, donuts, other assorted bakery items, and a wide selection of beverages and snacks.
Similar Listings
Emerald Truck Stop and Casino | Port Allen, LA
Port Allen, Louisiana
Cap Rate: —
$11,750,000
Available
Price
$2,420,968
Cap Rate
4.75%
PREMISES
4,200 SF
RENEWAL OPTIONS
6 x 5 Year Options
Lease Expiration
04/30/2043
Lease Type
Absolute NNN Ground Lease
RENTAL INCREASES
10% Every 5 Years
BROKERS
Get Property Updates in Your Inbox
Subscribe to the SIG newsletter to access properties before they come to market.
To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
By filling in your information and submitting this form, you are accepting the terms of this agreement.