900 Hen House Rd - Retail FOR SALE


Okawville, IL 62271
$641,224 USD
863-289-0387
900 Hen House Rd, Okawville, IL for Sale
$641,224 USD
Retail - FOR SALE
1/1
null | 8.5% Cap Rate

900 Hen House Rd
Okawville, IL 62271


HIGHLIGHTS

  • NN lease with minor landlord responsibilities. The Tenant is responsible for insurance, taxes, and pays a monthly maintenance contribution of $280.00.
  • There are four (4) years left on the remaining term, with one additional 5-year option to extend with a 15% increase.
  • Dollar General reimburses for minor repairs less than $1,000 per occurrence.
  • HVACs were replaced approximately five years ago.
  • Roof was replaced approximately four years ago.
  • The property is located just off of Interstate-65 (29,500 AADT at the Hen House Road exit) with direct frontage to the highway.

OVERVIEW

RIPCO REAL ESTATE is pleased to offer for sale DOLLAR GENERAL, a 8,125 SF single-tenant double net lease property occupied by Dollar General, in Okawville, Illinois. This Dollar General was constructed in 2004 and currently has four years of term left. The asset is located just at the exit off State Highway 177 SE and Interstate 64, which serves as the main entrance to the city of Okawville. Interstate 64 connects St. Louis, Missouri to Louisville, Kentucky. At this crossroads is a combined AADT of 21,195. This site serves as the only dollar store in Okawville, with the closest Dollar General being located over 12 miles away. The site also benefits from being located adjacent to a Road Ranger truck stop which includes 40+ semi truck parking spaces, fueling, convenience store, Burger King, Dairy Queen and Subway. Neighboring the Dollar General is a Super 8 by Wyndham with 40 rooms. The asset would be an attractive investment opportunity for passive investors looking for a stable cash flow with no landlord responsibilities.

FOR SALE DETAILS

PRICE

$641,224 USD

PRICE/SF

$79 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

12-06-16-479-003

ASK ABOUT THIS PROPERTY

Edward KempRipco Real EstateMore Info
863-289-0387

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Edward KempRipco Real EstateMore Info
863-289-0387

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