1217 Us Highway 45 N - Storefront FOR SALE


Eldorado, IL 62930
$235,000 USD
817-800-5058
1217 Us Highway 45 N, Eldorado, IL for Sale
$235,000 USD
Storefront - FOR SALE
1/8
null | 10.69% Cap Rate

1217 Us Highway 45 N
Eldorado, IL 62930


HIGHLIGHTS

  • Lowest price Dollar General on the market in the U.S.
  • Exceptionally low, replaceable "gross" rental rate of just $3.43 PSF
  • Dollar General has 30 years of occupancy at the property
  • One remaining 5-year option with a 13.3% increase
  • Building offers remaining +-1,500 SF vacant space which may be potentially leased out to a third party tenant to add value
  • Price reduced to $235,000 / 10.7% cap

OVERVIEW

Price reduced! Now offered at $235,000 / 10.7% cap Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale the lowest price point Dollar General property in the U.S. The property is being offered far below replacement cost. The commercial/retail building is in Eldorado, Illinois and leased predominantly to Dollar General. The Dollar General lease is structured on a “modified gross” basis and Dollar General has occupied the Property continuously for more than 30 years. Commencing in May 1994, Dollar General initially leased 6,000 square feet, or approximately half of the total building area. Indicating a strong commitment to the site, Dollar General expanded into additional space, which now totals approximately 10,500 square feet out of the approximately 12,000 square feet of total building area. In addition, Dollar General has continued to renew its lease which includes a new five (5)-year lease extension which commenced May 1, 2023 through April 30, 2028.

FOR SALE DETAILS

PRICE

$235,000 USD

PRICE/SF

$20 USD /SF

CAP RATE

10.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

04-1-166-05

ASK ABOUT THIS PROPERTY

Bill BehrTranswestern Real Estate ServicesMore Info
817-800-5058

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Bill BehrTranswestern Real Estate ServicesMore Info
817-800-5058

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