Listed by Friedman Real Estate, Friedman Real Estate IL LLC
$1,737,000
Dollar General - New 5yr Lease Extension
Details
APN 20-32-223-037-0000
Property Type Retail
Sub Type Commerical
Square Footage 11,578
Cap Rate 8.00%
NOI $139,150
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Remaining Term 5
Acreage 1.280
Ground Lease No
New 5YR Extension Dollar General with Additional Land
Investment highlights
- ±11,578 Square Feet: Ground floor retail with parking lot occupied by Dollar General along Racine Avenue, a primary north-south arterial
- Proven Site Performance: Dollar General has been in place since 2014
- New Lease Extension: Brand new 5-year lease extension through June 2031, showing ongoing commitment
- ±1.28 Acres of Land: Oversized parcel providing added development potential
- Asking 8.0% Cap Rate: Compelling pricing backed by a newly extended lease with additional land
Listing Contacts
Listed by Friedman Real Estate, Friedman Real Estate IL LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,149.96
$11,595.83/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
