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1721 W Morton Ave
Jacksonville, IL 62650
Applebee’s Grill & Bar: Absolute NNN Lse · Retail Property For Sale
PROPERTY FACTS
About 1721 W Morton Ave , Jacksonville, IL 62650
Applebee’s Grill & Bar has 10+ years remaining on initial 15 year Absolute NNN lease with lesser of 1.25X of CPI or 2% rental escalations annually and five 2-year renewal options. The tenant, The Bloomin’ Apple, LLC/Heartland Apple, LLC combined back the performance of this lease and operate a total of 19 Applebee’s locations in the Midwest. Applebee’s Grill & Bar is located in Jacksonville, Illinois on West Morton Avenue with great driveby visibility. Nearby retailers include: Walmart Supercenter, The Home Depot, ALDI, Slumber Furniture, Aaron’s, Ace Hardware, Harbor Freight Tools, Dunham’s Sports, JCPenney, Dollar General, Dollar Tree, Family Dollar, Pet Supplies Plus, Maurices, Walgreens, CVS, O’Reilly Auto Parts, Carquest Auto Parts, AutoZone, etc. The subject location is 1.5 miles from Illinois College (enrollment of 1,000), less than 3 miles from MacMurray College (enrollment of 550), and less than 2 miles from Passavant Area Hospital (93 beds). *In Association with Illinois Local Broker: Travis R. Tarrant, Tarrant & Harman Real Estate and Auction #471016673
PROPERTY TAXES
| Parcel Number | 09-30-101-003 | Improvements Assessment | $211,940 |
| Land Assessment | $151,950 | Total Assessment | $363,890 |
PROPERTY TAXES
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