14800 S Pulaski Rd - Storefront FOR SALE


Midlothian, IL 60445
$1,049,000 USD
847-562-0003
14800 S Pulaski Rd, Midlothian, IL for Sale
$1,049,000 USD
Storefront - FOR SALE
1/3
null | 8.24% Cap Rate

14800 S Pulaski Rd
Midlothian, IL 60445


HIGHLIGHTS

  • Signicantly below market rent (Current: $8.00/SF vs submarket: $18.83/SF)
  • Investment grade tenant – S&P: BBB
  • Recent 5-year lease extension after a 11+ year tenancy demonstrates commitment
  • Over 232,000 people live within a five-mile radius
  • Located along Pulaski Rd (19,000 VPD) and within proximity to Interstate 57 (125,300 VPD) and Interstate 294 (104,700 VPD)
  • Within walking distance from Bremen Community High School (1,450 students)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar Tree property positioned within the Chicago MSA in Midlothian, Illinois. Dollar Tree has been successfully operating at this location since 2013 and recently signed a 5-year lease extension through 2029, demonstrating commitment to the site. The lease features two 5-year renewal options with 0.50/SF rental escalations at the start of each. Additionally, Dollar Tree is paying significantly below the CoStar submarket rent (Current: $8.00/SF vs Submarket: $18.83/SF). Dollar Tree is an investment grade rated tenant with a “BBB” Standard & Poor’s rating. The 10,800-square-foot building benefits from its strategic location along Pulaski Road, which sees over 19,000 vehicles per day, and its proximity to 147th Street, which experiences 21,400 vehicles daily. The property is conveniently located 1.5 miles from the interchange between Interstate 57 and Interstate 294, which carry 125,300 and 104,700 vehicles per day, respectively. Within a five-mile radius, there are over 232,000 residents. Those of which earn an average household income of $92,180. The property is also within walking distance of Bremen Community High School, which has an enrollment of approximately 1,450 students. Nearby national retailers include Firestone, McDonald’s, Old National Bank, and several others, further enhancing the area’s commercial appeal. Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 16,000 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers. Additionally, the company operates stores under the name of Dollar Bills, as well as a multi-price-point variety chain under the Family Dollar banner.

FOR SALE DETAILS

PRICE

$1,049,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

8.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,398 SF

ZONING

B-2

APN/PARCEL ID

28-10-409-025-0000

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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