- For Sale $699,900
- Property Type Retail - Restaurant
- Property Size 4,084 SF
- Lot Size 0.16 Acre
- Property Tenancy Single Tenant
- Building Class A
- Year Built 2019
- Date Updated Aug 17, 2026
Description
SEC 20 T25N R3W J M CAMPBELLS FIRST ADD LOT 9 IN BLK 1 NE 1/425 E Adams St. offers investors a compelling opportunity to acquire a fully leased, stabilized asset with a brand-new
5-year lease in place, delivering immediate and secure cash flow in one of Central Illinois’ most desirable communities.
The 4,084 square foot property is leased on a NNN basis at $14.50 PSF, minimizing landlord responsibilities while providing
consistent income. With a newly executed lease extending through March 31, 2031, the asset offers long-term stability
backed by fresh tenancy.
The property generates an annual Net Operating Income (NOI) of $59,218, resulting in an attractive 8.46% capitalization
rate at the asking price of $699,900.
Strategically located in the heart of Morton, the property benefits from strong local fundamentals, steady traffic patterns,
and proximity to established retail and service corridors. Morton’s strong economic profile, high household incomes, and
business-friendly environment continue to support long-term tenant demand and investment performance.
Highlights
- New 5-year lease providing near-term security and reduced rollover risk
- Passive, NNN income stream with minimal management
- Strong yield in a stable and proven market
- Turnkey investment with immediate cash flow
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Contacts
Will Hayes
Joseph & Camper Commercial
Location
Located at 25 E Adams St, Morton, IL 61550, this property is part of the Morton neighborhood.
Contact Listing Broker
Will Hayes
Joseph & Camper Commercial