2301 James St - Retail FOR SALE


Lawrenceville, IL 62439
$1,200,000 USD
256-520-5000
2301 James St, Lawrenceville, IL for Sale
$1,200,000 USD
Retail - FOR SALE
1/3
null | 7.12% Cap Rate

2301 James St
Lawrenceville, IL 62439


HIGHLIGHTS

  • Corner Lot
  • Not included is an additional $2,700 in yearly CAM from Dollar General
  • Not included is an additional $96,000 yearly from the gambling machine
  • Not included is an additional $4,800 yearly from the ATM machine
  • Commercial, residential and schools in the area

OVERVIEW

Pleased to bring to market this multi-tenant property that has been home to Dollar General since 1998! The other tenant is a liquor store. The building is 11,928 square feet. Dollar General’s side of the building is 7,392 square feet while the liquor store’s side of the building is 4,536 square feet. The yearly rental income from Dollar General is $43,500 and the liquor store’s yearly rental income is $42,000. NOT INCLUDED in the total rental income from the building is $2,700 yearly CAM from Dollar General PLUS $96,000 yearly income from the gambling machine inside the liquor store PLUS $4,800 yearly income from the ATM machine. The liquor stores has yearly store sales of $600,000. Also INCLUDED is the approx $175,000 inventory in the liquor store. If you include ALL the income from this multi-tenant property, the total yearly income would be $184,200! Lawrenceville is the county seat of Lawrence County. This property is across the street from Walmart, banks, gas station. McDonalds, hospital, doctor’s offices, city park, Parkview Jr High, Lawrenceville High School, Ace Hardware, residential and much more are in the area! There are over 3,200 vehicles per day in front of the store.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

7.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Residential, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

-

APN/PARCEL ID

06-001-673-60

ASK ABOUT THIS PROPERTY

Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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