250 S Locust St - Freestanding FOR SALE


Ullin, IL 62992
$1,043,221 USD
636-734-1815
250 S Locust St, Ullin, IL for Sale
$1,043,221 USD
Freestanding - FOR SALE
1/4
null | 7.45% Cap Rate

250 S Locust St
Ullin, IL 62992


HIGHLIGHTS

  • Absolute NNN Lease - No Landlord Responsibilities
  • 10+ Years Remaining on Current Lease Term
  • Five (5) Year Options to Renew
  • 10% Base Rent Increases at Each Option

OVERVIEW

Holman Partners is pleased to present a 100% fee simple interest in a Dollar General property located at 250 N Locust Street, Ullin IL 62992. The 9,026 SF store, completed in July 2021, is operated on a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. Included with the 10+ years remaining on the initial lease term is Five (5) Year Options to Renew, with 10% base rent increases at each. Dollar General is the largest discount retailer in the United States by the number of stores with over 20,400 neighborhood stores in 48 states. Not to mention they are among the largest retailer of topquality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg, General Mills, Nabisco, PepsiCo, and Coca-Cola.

FOR SALE DETAILS

PRICE

$1,043,221 USD

PRICE/SF

$116 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ullin, IL Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

8.45 AC

LAND SF

368,082 SF

ZONING

C

APN/PARCEL ID

01-23-400-050-10

ASK ABOUT THIS PROPERTY

Will HolmanHolman PartnersMore Info
636-734-1815

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Will HolmanHolman PartnersMore Info
636-734-1815

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