915 N Walnut St - Supermarket FOR SALE


Mount Carmel, IL 62863
$1,375,000 USD
248-419-3657
915 N Walnut St, Mount Carmel, IL for Sale
$1,375,000 USD
Supermarket - FOR SALE
1/5
null | 8% Cap Rate

915 N Walnut St
Mount Carmel, IL 62863


HIGHLIGHTS

  • New Dual Tenant Concept | Brand New Lease
  • 1,500 FT from Wabash General Hospital
  • 20,000 SF Store Large Format | Low Rent $5.50 P/FT
  • Combo Stores See 20% Increase in Revenue!
  • The Store is Positioned At the Main Retail Intersection
  • Three Mile Average Household Income of $63,045

OVERVIEW

Fortis Net Lease is pleased to present this retro?t 20,000 SF Dollar Tree & Family Dollar Hybrid store located in Mount Carmel, IL. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains four (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 classi?ed as investment grade. This Store is highly visible as it is strategically positioned near the intersection of 9th St and Walnut St, which is the highest-trafficked intersection in Mount Carmel. The ?ve-mile population is 8,779 with a three-mile average household income of $63,045. These numbers are above average for the typical Dollar Store. This investment will offer a new owner success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. The list price reflects a 8.00% cap rate based on NOI of $110,000.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IGA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

B1

APN/PARCEL ID

05-211-20-216-010

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.