1308 Washington Ave, Cairo, IL 62914
9,001 SF | Retail Building | Cairo, IL 62914 | $565,000 ($63/SF)
For Sale
Active
Asking Price $565,000
- Property Type
-
Retail
- Square Feet
- 9,001 SF
- Price / Square Foot
- $63
Listing Contacts
Alysa Bunting
Property Overview
This 9,001 SF Dollar General store located in Southern tip of Illinois in the city of Cairo. The property is secured with a NN Lease leaving minimal landlord responsibilities. The lease contains 2 (5-year) options to renew, each with a rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade.
This Dollar General is very visible located on the main business road, the Ohio River Scenic Byway, which sees 4,800 cars per day. The Illinois ten-mile population from the site is approximately 4,000 while the area median household income is $66,480 per year, making this location ideal for a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
INVESTMENT HIGHLIGHTS
• 5-Year NN Lease | Minimal Landlord Responsibilities
• 2 (5-Year) Options | Increases in Each Option
• Three Mile Household Income $66,480
• Illinois Ten Mile Approximate Population 4,000
• 4,800 Cars Per Day | On Main Thoroughfare
This Dollar General is very visible located on the main business road, the Ohio River Scenic Byway, which sees 4,800 cars per day. The Illinois ten-mile population from the site is approximately 4,000 while the area median household income is $66,480 per year, making this location ideal for a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
INVESTMENT HIGHLIGHTS
• 5-Year NN Lease | Minimal Landlord Responsibilities
• 2 (5-Year) Options | Increases in Each Option
• Three Mile Household Income $66,480
• Illinois Ten Mile Approximate Population 4,000
• 4,800 Cars Per Day | On Main Thoroughfare
Property Details
- Class
- B
- Year Built
- 1941
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 20,473 SF
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