1308 Washington Ave - Freestanding FOR SALE


Cairo, IL 62914
$565,000 USD
618-534-0303
1308 Washington Ave, Cairo, IL for Sale
$565,000 USD
Freestanding - FOR SALE
1/23
null | Request Cap Rate

1308 Washington Ave
Cairo, IL 62914


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

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$63 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

Commercial

APN/PARCEL ID

01-01-01-026-020

ASK ABOUT THIS PROPERTY

Alysa BuntingIndigo Realty LLCMore Info
618-534-0303

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Alysa BuntingIndigo Realty LLCMore Info
618-534-0303

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