119 W Adams St - Freestanding FOR SALE


Rushville, IL 62681
$1,098,350 USD
332-345-4222
119 W Adams St, Rushville, IL for Sale
$1,098,350 USD
Freestanding - FOR SALE
1/2
null | 11% Cap Rate

119 W Adams St
Rushville, IL 62681


HIGHLIGHTS

  • Original 15-Year Absolute Triple Net (NNN) Lease
  • Approximately 5.8 Years Remaining
  • Ten Percent (10%) Rental Increase in July 2024
  • Six (6), Five (5)-Year Tenant Renewal Options

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for Family Dollar located at 119 W Adams St, Rushville, Illinois. The site consists of roughly 8,539 rentable square feet of building space on estimated 0.85-acre parcel of land. This Family Dollar is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 18th, 2015. The current annual rent is $109,835.04 and is scheduled to increase by 10% in June 2024 and in each of the 6, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,098,350 USD

PRICE/SF

$131 USD /SF

CAP RATE

11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

08-30-155-017

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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