Listed by Elevate Net Lease
$1,552,940
ABS NNN Family Dollar
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,180
Cap Rate 8.50%
NOI $132,000
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
Year Built 2017
Acreage 1.860
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/30/2016
Ground Lease No
Sale Condition 1031 exchange
ABS NNN Family Dollar
Marketing description
Single-Tenant Freestanding Family Dollar located at 715 Mccambridge Ave in Madison, IL 62060. The property is situated in the St. Louis MSA, which is ranked as the #23 MSA in the US. This essential retail property offers a rare Absolute NNN lease structure with zero landlord responsibility, featuring strong demographics with a population exceeding 24,000 within a 3-mile radius and 100,000 within a 5-mile radius. The property benefits from high traffic counts of 15,500+ vehicles per day on McCambridge Ave and is located just 15 miles from St. Louis Lambert International Airport.
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
- **NOI Shown as of 4/1/2027 - Seller to Credit Difference at COE**
Listing Contacts
Listed by Elevate Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,000.00
$11,000.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
Map
Zoning
B-2 CommercialNeighborhood CommercialCommunity Business
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View all 27 uses
View all 27 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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