1608 Georgetown Rd - Freestanding FOR SALE
Tilton, IL 61833 |
$872,884 USD
732-832-5414
1608 Georgetown Rd
Tilton, IL 61833
HIGHLIGHTS
- Offered at $872,884, representing a 9.50% capitalization rate
- ±3 years remaining on the current lease term, with five (5) additional five-year renewal options; includes a significant 18% rent increase
- Family Dollar has operated at this location since 2013 and has exercised an option to extend, reflecting long-term operational success and commitment
- Lease guaranteed by Family Dollar Corporation (corporate guarantee)
- ±10,380 SF building situated on a ±1.53-acre parcel with ±53 parking spaces, offering strong customer accessibility; includes a loading dock
- Originally constructed in 1979 and fully renovated in 2013 for Family Dollar; the property has been well maintained
FOR SALE DETAILS
PRICE
$872,884 USD
PRICE/SF
$55 USD /SF
CAP RATE
9.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
125
LAND DETAILS
LAND ACRES
1.53 AC
LAND SF
66,647 SF
ZONING
-
APN/PARCEL ID
23-20-100-006
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732-832-5414
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732-832-5414
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