1099 Cole - Freestanding FOR SALE


Bushnell, IL 61422
$1,571,656 USD
734-755-6359
1099 Cole, Bushnell, IL for Sale
$1,571,656 USD
Freestanding - FOR SALE
1/4
null | 7.85% Cap Rate

1099 Cole
Bushnell, IL 61422


HIGHLIGHTS

  • Dual Concept Stores See a 20% Increase in Revenue
  • 10 Year NN Lease Requiring Minimal Landlord Responsibilities
  • 2023 BTS Construction | Opened in June
  • Corner Location | Concrete Parking Lot
  • Across From Brand New Dollar General Market
  • 3 Mile Average Household Income $55,315

OVERVIEW

Fortis Net Lease is pleased to present this 10,500 SF. freestanding Family Dollar | Dollar Tree, dual concept store located in Bushnell, 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 & successfully opened for business in June 2023. This Family Dollar | Dollar Tree store is highly visible as it is strategically positioned on the corner of Cole Street and Smith Street which sees 2,686 cars per day. It sits across the street from a new Dollar General Market store on the main thoroughfare through the city. The ten mile population from the site is 7,090 while the three mile average household income is $55,315 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 $123,375.

FOR SALE DETAILS

PRICE

$1,571,656 USD

PRICE/SF

$150 USD /SF

CAP RATE

7.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree | Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C

APN/PARCEL ID

03-000-069-00

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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