709 N Court St - Freestanding FOR SALE


Grayville, IL 62844
$941,647 USD
248-419-3657
709 N Court St, Grayville, IL for Sale
$941,647 USD
Freestanding - FOR SALE
1/5
null | 8.5% Cap Rate

709 N Court St
Grayville, IL 62844


HIGHLIGHTS

  • The Store is Positioned On New Jackson Hwy | Highest Traf?cked Road
  • 10-Year NN Lease Requiring Minimal Landlord Responsibilities
  • Three Mile Average Household Income of $68,644
  • New Dual Tenant Concept | Brand New Lease
  • Combo Stores See 20% Increase in Revenue!
  • The Store Out Positions Other Retailers

OVERVIEW

Fortis Net Lease is pleased to present this retro?t 12,000 SF Dollar Tree & Family Dollar Hybrid store located in Granville, IL. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains five (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classifed as investment grade. This Store is highly visible as it is strategically positioned off of North Court, which is the highest-trafficked road in Grayville. The five-mile population is 2,355 with a three-mile average household income of $68,644. These numbers are above average for the typical Dollar Store. This investment will offer a new owner success due to the ? financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price refects a 8.50% cap rate based on NOI of $80,040.

FOR SALE DETAILS

PRICE

$941,647 USD

PRICE/SF

$78 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | DollarTree Combo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

C-1

APN/PARCEL ID

06-2-021-08,06-2-021-09,06-2-021-10

ASK ABOUT THIS PROPERTY

Andrew BenderFortis Net LeaseMore Info
248-419-3657

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Andrew BenderFortis Net LeaseMore Info
248-419-3657

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