786 W Walnut St - Retail FOR SALE


Jacksonville, IL 62650
$1,830,065 USD
214-692-2927
786 W Walnut St, Jacksonville, IL for Sale
$1,830,065 USD
Retail - FOR SALE
1/1
null | 7.65% Cap Rate

786 W Walnut St
Jacksonville, IL 62650


HIGHLIGHTS

  • Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,0
  • Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same store sales/profitability
  • Nearby national tenants include USPS, Buffalo Wild Wings, Sonic, The Home Depot, Arby’s, Wendy’s, KFC, Walgreens, CVS, and many more
  • Six, 5-year options with rent increases of $5,000 ($.50 PSF)
  • 10-year NN+ lease with limited landlord responsibilities
  • Investment grade credit tenant – S&P rated BBB

OVERVIEW

2024 build-to-suit construction for Dollar Tree. 10-year NN+ lease with limited landlord responsibilities. Concrete parking lot. Nearby national tenants include USPS, Buffalo Wild Wings, Sonic, The Home Depot, Arby’s, Wendy’s, KFC, Walgreens, CVS, and many more. 5 mile population in excess of ±22,573 residents. Average household income of $103,075. The subject property comes with a 20-year transferable roof warranty. Six, 5-year options with rent increases of $5,000 ($.50 PSF). The subject property is situated near various traffic generators, such as Jacksonville Memorial Hospital, Jacksonville Speedway, Jacksonville High School, and Jacksonville Municipal Airport. Jacksonville is located 35 miles west of Springfield (the capital of IL).

FOR SALE DETAILS

PRICE

$1,830,065 USD

PRICE/SF

$183 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,886 SF

ZONING

C

APN/PARCEL ID

09-17-100-044

ASK ABOUT THIS PROPERTY

Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

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Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

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