University Ave, Henry, IL 61537
10,500 SF | Retail Building | Henry, IL 61537 | $1,611,783 ($154/SF) | 7.85% Cap Rate
For Sale
Active
5 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $1,611,783
- Property Type
-
Retail
- Square Feet
- 10,500 SF
- Price / Square Foot
- $154
Listing Contacts
Bryan Bender
Verified Profile
Kyle Carson
Verified Profile
- Property Info
Property Overview
Fortis Net Lease is pleased to present this 10,500 SF. freestanding Family Dollar | Dollar Tree, dual concept store located in Henry, Illinois. The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a $0.50 PSF rental rate increase. The lease is corporately guaranteed by Dollar Tree which holds a credit rating of “BBB-”, which is classified as Investment Grade. The store has completed construction and successfully opened for business in March 2024.
This Family Dollar | Dollar Tree store is highly visible as it is strategically positioned on the hard corner of Country Road 1350N & University Avenue which sees 4,834 cars per day. With 2 points of ingress/egress points, the store is easily accessible from either street. It sits across the street from a Casey's gas station & Henry-Senachwine High School. The ten mile population from the site is 10,721 while the three mile average household income is $61,381 per year, making this location ideal for a Family Dollar |Dollar Tree store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar | Dollar Tree store. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 7.85% cap rate based on NOI of $126,575.
This Family Dollar | Dollar Tree store is highly visible as it is strategically positioned on the hard corner of Country Road 1350N & University Avenue which sees 4,834 cars per day. With 2 points of ingress/egress points, the store is easily accessible from either street. It sits across the street from a Casey's gas station & Henry-Senachwine High School. The ten mile population from the site is 10,721 while the three mile average household income is $61,381 per year, making this location ideal for a Family Dollar |Dollar Tree store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar | Dollar Tree store. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 7.85% cap rate based on NOI of $126,575.
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 43,560 SF
Highlights
- Dual Concept Stores See a 20% Increase in Revenue
- 2024 BTS Construction | Now Open!
- Across From a Casey's Gas Station & Local High School
- Hard Corner Location | 4,834 Cars Per Day
- 2 Points of Ingress/Egress | Accessible from Either Street
- 3 Mile Average Household Income $61,381
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