421 Broadway St - Freestanding FOR SALE


Mount Vernon, IL 62864
$617,140 USD
312-548-6822
421 Broadway St, Mount Vernon, IL for Sale
$617,140 USD
Freestanding - FOR SALE
1/7
null | 7% Cap Rate

421 Broadway St
Mount Vernon, IL 62864


HIGHLIGHTS

  • Long Term Tenant
  • Attractive Rent Increases
  • Investment Grade Credit
  • Strategic Location
  • Recession Resistant Tenant
  • Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 421 Broadway Street in Mount Vernon, Illinois (the “Property”). Dollar General has operated at this location since 2003 and has proactively exercised multiple early renewal options, underscoring its commitment to the site and the market. Dollar General has 4+ years remaining on their lease with two (2), 5-year renewal options. The lease features rent increases at the start of each renewal option. The Property is strategically situated along Broadway Street (IL Route 15) in Mount Vernon, offering strong frontage and visibility. It is positioned near the heart of Mount Vernon, close to local schools, retail establishments, and healthcare facilities. The location is easily accessible from surrounding residential neighborhoods, providing a built-in customer base. Mount Vernon is situated in southern Illinois at the intersection of Interstates 57 and 64, offering convenient regional connectivity to nearby cities such as Effingham, Marion, and Centralia.

FOR SALE DETAILS

PRICE

$617,140 USD

PRICE/SF

$76 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

GC

APN/PARCEL ID

07-29-454-014

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

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