Family Dollar | DollarTree Combo
12,000 SF | Retail Building | Grayville, IL 62844 | $1,032,774 ($86/SF) | 7.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,032,774
- Property Type
-
Retail
- Square Feet
- 12,000 SF
- Price / Square Foot
- $86
Listing Contacts
Andrew Bender
Verified Profile
Corey Bunch
Verified Profile
Bryan Bender
Verified Profile
- Property Info
Property Overview
Fortis Net Lease is pleased to present this retro?t 12,000 SF Dollar Tree & Family Dollar Hybrid store located in Granville, IL. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains ?ve (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classi?ed as investment grade.
This Store is highly visible as it is strategically positioned off of North Court, which is the highest-traf?cked road in Grayville. The ?ve-mile population is 2,355 with a three-mile average household income of $68,644. These numbers are above average for the typical Dollar Store.
This investment will offer a new owner success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. List price re?ects a 7.75% cap rate based on NOI of $80,040.
This Store is highly visible as it is strategically positioned off of North Court, which is the highest-traf?cked road in Grayville. The ?ve-mile population is 2,355 with a three-mile average household income of $68,644. These numbers are above average for the typical Dollar Store.
This investment will offer a new owner success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. List price re?ects a 7.75% cap rate based on NOI of $80,040.
Property Details
- Class
- C
- Year Built/Renovated
- 1980/2023
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 36,155 SF
Highlights
- The Store is Positioned On New Jackson Hwy | Highest Traf?cked Road
- 10-Year NN Lease Requiring Minimal Landlord Responsibilities
- Three Mile Average Household Income of $68,644
- New Dual Tenant Concept | Brand New Lease
- Combo Stores See 20% Increase in Revenue!
- The Store Out Positions Other Retailers
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