Listed by Northmarq - Chicago
$1,134,915
Family Dollar
Details
Property Type Retail
Sub Type Storefront
Square Footage 16,240
Cap Rate 8.85%
NOI $100,440
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NNN
Lease Term 10
Lease Expiration 02/12/2033
Remaining Term 6.7
Lease Options View OM for Details
Year Built 1980
Year Renovated 2023
Acreage 1.730
Investment Type Net Lease
Ownership Fee Simple
Retail | 8.85% CAP | 16,240 SqFt
Marketing description
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar property located in Casey, IL (the “Property”). The Property consists of a 16,240-square-foot freestanding retail building on a 1.73-acre parcel of land. Family Dollar operates under a 10-year, net lease with limited landlord responsibilities. The lease also features 4, 5-year extension options with rent escalations at the beginning of each option term, offering investors a hedge against inflation. See Lease Abstract for full details.
Investment highlights
Long-Term Net Lease with Escalations
2023 Renovations to Existing 16K+ SF Building
Strong Access & Visibility – Near Local Schools
Maintenance Free Asset: Concrete Parking Lot
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,440.00
$8,370.00/mo
Valuation Metrics
0
DSCR
8.85%
Cap Rate
8.85%
ROI
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