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33954132
33954122

1608 Georgetown Road, Tilton, IL 61833 For Sale

ED
NY 10410386411
Matthews
Listed by Matthews
$829,240
19 days on market
Updated 3 days ago

Family Dollar - Tilton, IL

Details
APN 23-20-100-006
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 10,380
Cap Rate 10%
NOI $82,924
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Walgreens (+11)
Lease Type NN+
Lease Term 15.7
Lease Expiration 09/30/2028
Remaining Term 2.2
Rent Bumps Yes
Lease Options Four, 5-Years
Price per SqFt $80
Broker Co-Op True
Year Built 1979
Year Renovated 2013
Buildings 1
Stories 1
Acreage 1.530
Zoning Misc. Commercial
Parking Spaces 53 spaces
Parking per 1,000 SqFt 5.11
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/01/2013
Occupancy Date 02/01/2013
Ground Lease No
Ownership Fee Simple

10.00% Cap | Bite Size Deal | High Density Market

Investment highlights

● Offered at $829,240, representing a 10.00% capitalization rate

● ±2.50 years remaining on the current lease term, with five (5) additional five-year renewal options; includes a significant 18% rent increase at the first option and 10% escalations at each subsequent renewal

● Family Dollar has operated at this location since 2013 and has exercised an option to extend, reflecting long-term operational success and commitment to the site

● Lease guaranteed by Family Dollar Corporation (corporate guarantee)

● ±10,380 SF building situated on a ±1.53-acre parcel with ±53 parking spaces, offering strong customer accessibility; includes a loading dock with a dock-high roll-up door

● Originally constructed in 1979 and fully renovated in 2013 for Family Dollar; the property has been well maintained

● NN+ lease structure with minimal landlord obligations limited to roof, structure, and lot replacement

● Strong real estate fundamentals with current rent at $8.19/SF and pricing at $79.89/SF—offering an attractive basis relative to replacement cost

● Dense trade area with over 42,000 residents within a 5-mile radius and an average household income exceeding $58,000

● Regional draw with over 175,000 residents within a 30-mile radius; limited competition in nearby towns positions Tilton as a key retail hub for surrounding rural communities

Listing Contacts

ED
NY 10410386411
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,924.00
$6,910.33/mo

Valuation Metrics

0
DSCR
10%
Cap Rate
10%
ROI

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Additional Information

Name
Matt Fitzgerald
License
471021676, 478027547 (IL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
600 W Fulton, Ste 100 Chicago, IL 60661
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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