1549 Lake Park Dr - Freestanding FOR SALE


Germantown, IL 62245
$1,149,000 USD
312-279-5342
1549 Lake Park Dr, Germantown, IL for Sale
$1,149,000 USD
Freestanding - FOR SALE
1/4
null | 6.85% Cap Rate

1549 Lake Park Dr
Germantown, IL 62245


HIGHLIGHTS

  • Recently Extended Lease | 6+ Years Remaining Scheduled Rental Increases | Corporate Guaranteed
  • Located Along Lake Park Drive | Centralized Location | Strong National & Regional Tenants | Limited Competition
  • Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, corporate guaranteed, Dollar General investment property located in Germantown, IL. The tenant, Dolgencorp, LLC, recently extended their lease through November 2029, demonstrating their long-term commitment to the site. The lease features scheduled rental increases at the beginning of each 3 (5-year) option periods, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Dollar General is a nationally recognized and established discount store chain with over 19,000 stores in operation.

FOR SALE DETAILS

PRICE

$1,149,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Corp NNN w/ 6+ Yrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

Commercial

APN/PARCEL ID

12-11-04-300-055

ASK ABOUT THIS PROPERTY

Dan ElliotSRS National Net Lease GroupMore Info
312-279-5342

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Dan ElliotSRS National Net Lease GroupMore Info
312-279-5342

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