Marcus & Millichap announced the sale of a 1,901-square-foot net-leased property located at 454 Riverstone Pkwy in Kankakee, Illinois. The asset went contract to close in 49 days, for 96% of list price at $1,648,000.
Senior Managing Directors Austin Weisenbeck and Sean R. Sharko and Associate Benjamin Shapiro had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was unrepresented.
The Dunkin’ was a relocation from a previously successful location into a 2023 construction with a double drive-thru. The Dunkin’ has a triple-net, 10-year lease with an experienced operator with 28 Dunkin’ units in the greater Chicagoland area. It is positioned within the bustling Riverstone Parkway, an 80-acre development that has already drawn major retailers like Walmart Supercenter, Tractor Supply Co., Hilton Garden Inn, ALDI, and many more.
