107 E Dixon St - Freestanding FOR SALE


Polo, IL 61064
$825,000 USD
727-550-7114
107 E Dixon St, Polo, IL for Sale
$825,000 USD
Freestanding - FOR SALE
1/3
null | 9.03% Cap Rate

107 E Dixon St
Polo, IL 61064


HIGHLIGHTS

  • Located in the Center of the Town
  • Close proximity to White Pines Forest State Park, 350,000 Visitors Annually
  • Entire Town is Located Within 1-mile of the Dollar General
  • Average Household Income Within 5-mile Radius is $75,601

OVERVIEW

The Hurd Net Lease Group with Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 107 East Dixon Street in Polo, Illinois. The investment is being offered at a 9.03% cap rate which represents a price of $825,000. The subject property is a retrofitted 9,900 square-foot store that has been occupied by Dollar General since 2009. The lease is structured as a double net with over five years of term remaining and includes three, five-year renewal options, each featuring a 10% rental increase. Under the terms of this double net lease, the tenant is responsible for taxes, insurance, all HVAC repairs and replacements, and contributes $340 per month for common area maintenance. The landlord is responsible for the roof, structure, and parking lot replacement. The site is centrally located in Polo, just off Dixon Street, which connects to the town’s busiest road, seeing over 4,000 vehicles daily. The Polo City Council is dedicated to fostering economic growth, recently approving a $170,000 project aimed at attracting new businesses to the area. Additionally, the property is situated within 6.5 miles of White Pines Forest State Park, a popular destination that attracts over 350,000 visitors annually.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

9.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

CROSS STREETS

Green Avenue

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C-2

APN/PARCEL ID

14-16-202-015

ASK ABOUT THIS PROPERTY

Daniel HurdMarcus & MillichapMore Info
727-550-7114

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Daniel HurdMarcus & MillichapMore Info
727-550-7114

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.