Listed by Bang Realty, Elevate Net Lease
$1,552,940
Abs NNN Family Dollar
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,180
Net Rentable (SqFt) 9,180
Cap Rate 8.5%
NOI $132,000
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type Absolute NNN
Lease Term 15.3
Lease Expiration 03/31/2032
Remaining Term 5.8
Rent Bumps Yes
Lease Options (6) 5-Year
Price per SqFt $169
Broker Co-Op Yes
Year Built 2017
Buildings 1
Stories 1
Acreage 1.860
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 11/30/2016
Occupancy Date 11/30/2016
Ownership Fee Simple
Sale Condition 1031 exchange
Retail | 8.50% CAP | 9,180 SqFt
Investment highlights
Single-Tenant Freestanding Family Dollar in Madison, IL
Situated in the St. Louis MSA, which is Ranked as the #23 MSA in the US
Rare Absolute NNN Lease Structure with Zero Landlord Responsibility
Strong Demographics | Population Exceeds 24,000 within 3-Mile Radius and 100,000 within 5-Mile Radius
Essential Retailer | Internet, Pandemic, & Recession Resistant Tenancy
High Traffic Counts | 15,500+ VPD on McCambridge Ave
Property is 15 Miles from St. Louis Lambert International Airport
Listing Contacts
Listed by Bang Realty, Elevate Net Lease
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$132,000.00
$11,000.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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