Listed by SRS Real Estate Partners Chicago
$1,237,798
Dollar General
Details
APN 15-06-23-0-001-001.002
Property Type Retail
Sub Type Storefront
Square Footage 9,368
Cap Rate 7.45%
NOI $92,216
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 09/30/2035
Remaining Term 9.3
Rent Bumps Yes
Lease Options 3 (5-year)
Price per SqFt $132
Year Built 2020
Buildings 1
Stories 1
Acreage 2.110
Zoning Commercial
Parking Spaces 30 spaces
Parking Per SqFt 3.20
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/14/2020
Ownership Fee Simple
Retail | 7.45% CAP | 9,368 SqFt
Investment highlights
Just Under 10 Years Remaining | Scheduled Rental Increases | Investment Grade Tenant | Well-Known & Established Brand
Located Along Hard Corner Intersection | Centralized Location | Strong Tenant Presence | Limited Competition | 2020 Construction
Direct Residential Consumer Base | Affluent Community | Demographics in 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,216.00
$7,684.67/mo
Valuation Metrics
0
DSCR
7.45%
Cap Rate
7.45%
ROI
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