400 Henderson Rd - Storefront FOR SALE


Knoxville, IL 61448
$550,000 USD
309-368-5671
400 Henderson Rd, Knoxville, IL for Sale
$550,000 USD
Storefront - FOR SALE
1/3
null | Request Cap Rate

400 Henderson Rd
Knoxville, IL 61448


HIGHLIGHTS

  • Only Store in town serving the Knoxville area
  • .Location just one mile off of I-74

OVERVIEW

**Lease Terms:** - **Tenant Responsibilities:** The tenant shall be responsible for the payment of real estate taxes and for the maintenance of the HVAC system. - **Current Term:** June 1, 2022 – May 31, 2027 - Monthly Rent: $3,200 - Bonus Rent: 2% on sales exceeding $1,300,000 - **Option 1:** June 1, 2027 – May 31, 2032 - Monthly Rent: $3,575 - Bonus Rent: 2% on sales exceeding $1,430,000 - **Option 2:** June 1, 2032 – May 31, 2037 - Monthly Rent: $3,935 - Bonus Rent: 2% on sales exceeding $1,574,000 **Bonus Rent History:** - 2017: $13,931 - 2018: $1,288 - 2019: $10,523 - 2020: $10,714 - 2021: $12,237 - 2022: $12,280 - 2023: $15,655 - 2024: $15,055

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General With Active lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

Commercial

APN/PARCEL ID

10-29-276-026

ASK ABOUT THIS PROPERTY

Jerry DahlDahl Real EstateMore Info
309-368-5671

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Jerry DahlDahl Real EstateMore Info
309-368-5671

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