Retail Space /IL /Kankakee County /Herscher /301 E State Route 115
Retail Space /IL /Kankakee County /Herscher /301 E State Route 115

301 E State Route 115 - Freestanding FOR SALE


Herscher, IL 60941 | 
$713,274 USD
801-400-2080
301 E State Route 115, Herscher, IL for Sale
$713,274 USD
Freestanding - FOR SALE
1/16
null | 5.8% Cap Rate
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301 E State Route 115
Herscher, IL 60941

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HIGHLIGHTS

  • Investment Structure: Tenant-in-Common (TIC), satisfies IRS requirements for 1031 exchanges
  • Lease Type: Absolute NNN lease, corporate guarantee
  • Renewal Options: Five 5-year options

OVERVIEW

Please note that this is NOT a whole building purchase. 46.01% of the property is being sold.

FOR SALE DETAILS

PRICE

$713,274 USD

PRICE/SF

$79 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

46.01% TIC Available-Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-2

APN/PARCEL ID

14-14-21-300-013

ASK ABOUT THIS PROPERTY

Kevin LongKGL AdvisorsMore Info
801-400-2080

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Kevin LongKGL AdvisorsMore Info
801-400-2080

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