Listed by Brookline Real Estate
$1,225,000
626 River Oaks Drive
Details
APN 30192040050000
Property Type Retail
Sub Type Storefront, Retail/Stores
Square Footage 12,855
Units 1
Cap Rate 7.75%
NOI $95,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN+
Lease Term 10
Lease Expiration 06/16/2032
Remaining Term 5.9
Lease Options 4 (5) Year Options
Price per SqFt $95
Year Built 1998
Lot Size (SqFt) 28,750
Zoning COMMR
Investment Type Net Lease
Lease Commencement 06/16/2022
STNL | 7.75% CAP | Calumet City, IL
Marketing description
Presenting the opportunity to acquire a Dollar General Redevelopment NNN investment positioned in a strong, transit-oriented location in the Chicago suburb of Calumet City. 626 River Oaks Drive contains 12,855 square-feet and is situated on approximately 0.66 acres. Near IL/IN state line at the northwest corner of River Oaks Road and Burnham Avenue, the property benefits greatly from its position next to McDonald's and Dunkin', and a few blocks from River Oaks Mall. The brick construction building has been remarkably-maintained and offers its visitors 38 total parking spots in accessible front and side lots. Multiple entrances on River Oaks Drive and access from Burnham Avenue aid traffic flow and allow the business to operate smoothly. Currently in year three of a ten-year corporate lease, Dollar General has shown stability and continued success at the location. This asset is being offered at a 7.75 CAP rate with tremendous cash flow and continued growth.
Listing Contacts
Listed by Brookline Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,000.00
$7,916.67/mo
Valuation Metrics
0
DSCR
7.76%
Cap Rate
7.76%
ROI
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