1401 W 4th St - Convenience Store FOR SALE


Dixon, IL 61021
$2,420,968 USD
512-543-4759
1401 W 4th St, Dixon, IL for Sale
$2,420,968 USD
Convenience Store - FOR SALE
1/5
null | 4.75% Cap Rate

1401 W 4th St
Dixon, IL 61021


HIGHLIGHTS

  • Oversized, 3.14 Acre Parcel Located on a Hard Corner Across From a Walmart Supercenter and ALDI
  • Rare Opportunity to Acquire a Best-in-Class Tenant That Has Historically Owned All Their Own Real Estate
  • Strong Corporate Guarantee From Casey's General Stores Inc. (NASDAQ: CASY) That Operates Approximately 2,900 Convenience Stores Across the Country
  • Brand New 20 Year NNN Ground Lease With Over 19 Years Remaining on the Base Term
  • 10% Rent Increases Throughout the Base Term and Renewal Options
  • Dixon is a Thriving Community of Approximately 16,000 Residence in Northwest Illinois Located Along the Scenic Rock River in Northwestern

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,200 SF Casey's Located at 1751 South Galena Avenue in Dixon, IL. This Deal Includes a Brand New 20-Year NNN Ground Lease With Over 19 Years Remaining on the Base Term and a Rare Opportunity to Acquire a Best-in-Class Tenant That Has Historically Owned All Their Own Real Estate, Providing For a Secured Investment. In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429

FOR SALE DETAILS

PRICE

$2,420,968 USD

PRICE/SF

$855 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Casey's - Dixon, IL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.14 AC

LAND SF

136,778 SF

ZONING

-

APN/PARCEL ID

07-08-06-432-017

ASK ABOUT THIS PROPERTY

Samual MallaneSands Investment Group Austin, LLCMore Info
512-543-4759

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Samual MallaneSands Investment Group Austin, LLCMore Info
512-543-4759

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