215 Chestnut st - Storefront FOR SALE


Wenona, IL 61377
$1,097,625 USD
332-345-4202
215 Chestnut st, Wenona, IL for Sale
$1,097,625 USD
Storefront - FOR SALE
1/2
null | 8% Cap Rate

215 Chestnut st
Wenona, IL 61377


HIGHLIGHTS

  • Rare Absolute Triple-Net (NNN) Lease | Zero (0) Landlord Responsibilities | The property is subject to an absolute triple-net lease
  • Ten Percent (10.00%) Rental Increases Every Five (5) Years And In Options
  • Original 15-Year Lease | 2015 Build-To-Suit Construction | Approximately Four (4) Years Remaining

OVERVIEW

Surmount is pleased to present the exclusive listing for a Family Dollar located at 215 North Chestnut Street, Wenona, Illinois 61377. The site consists of roughly 8320 rentable square feet of building space on an estimated 1.84-acre parcel of land. This Family Dollar is subject to a 14-year Triple Net (NNN) lease, which commenced 3/12/2015. The current annual rent is $87,810 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$1,097,625 USD

PRICE/SF

$132 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

-

APN/PARCEL ID

07-24-278-002

ASK ABOUT THIS PROPERTY

Judson KauffmanNNN Pro GroupMore Info
332-345-4202

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Judson KauffmanNNN Pro GroupMore Info
332-345-4202

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