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29929639
29929640

2301 James St, Lawrenceville, IL 62439

JB
AL AL 82483
LHT Commercial Real Estate, LLC
Listed by LHT Commercial Real Estate, LLC
$1,200,000
101 days on market
Updated 21 days ago

Dollar General + Liquor Store

Details
APN 10-01-180-004
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 11,928
Net Rentable (SqFt) 11,928
Units 2
Cap Rate 7.12%
NOI $85,500
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar General
Lease Type NN+
Lease Term 32.4
Lease Expiration 09/30/2030
Remaining Term 4.3
Price per SqFt $101
Year Built 1998
Buildings 1
Stories 1
Acreage 1.480
Zoning Commercial Business
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 05/26/1998
Occupancy Date 05/26/1998
Ground Lease No

Retail | 7.12% CAP | 11,928 SqFt

Marketing description

Pleased to bring to market this multi-tenant property that has been home to Dollar General since 1998! The other tenant is a liquor store. The building is 11,928 square feet. Dollar General’s side of the building is 7,392 square feet while the liquor store’s side of the building is 4,536 square feet. The yearly rental income from Dollar General is $43,500 and the liquor store’s yearly rental income is $42,000. NOT INCLUDED in the total rental income from the building is $2,700 yearly CAM from Dollar General PLUS $96,000 yearly income from the gambling machine inside the liquor store PLUS $4,800 yearly income from the ATM machine. The liquor stores has yearly store sales of $600,000. If you include ALL the income from this multi-tenant property, the total yearly income would be $184,200! Lawrenceville is the county seat of Lawrence County. This property is across the street from Walmart, banks, gas station. McDonalds, hospital, doctor’s offices, city park, Parkview Jr High, Lawrenceville High School, Ace Hardware, residential and much more are in the area! There are over 3,200 vehicles per day in front of the store.

Investment highlights

Pleased to bring to market this multi-tenant property that has been home to Dollar General since 1998! The other tenant is a liquor store. The building is 11,928 square feet. Dollar General’s side of the building is 7,392 square feet while the liquor store’s side of the building is 4,536 square feet. The yearly rental income from Dollar General is $43,500 and the liquor store’s yearly rental income is $42,000. NOT INCLUDED in the total rental income from the building is $2,700 yearly CAM from Dollar General PLUS $96,000 yearly income from the gambling machine inside the liquor store PLUS $4,800 yearly income from the ATM machine. The liquor stores has yearly store sales of $600,000. If you include ALL the income from this multi-tenant property, the total yearly income would be $184,200! Lawrenceville is the county seat of Lawrence County. This property is across the street from Walmart, banks, gas station. McDonalds, hospital, doctor’s offices, city park, Parkview Jr High, Lawrenceville High School, Ace Hardware, residential and much more are in the area! There are over 3,200 vehicles per day in front of the store.

Listing Contacts

JB
AL AL 82483
LHT Commercial Real Estate, LLC
Listed by LHT Commercial Real Estate, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,500.00
$7,125.00/mo

Valuation Metrics

0
DSCR
7.12%
Cap Rate
7.12%
ROI

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