626 River Oaks Dr - Drug Store FOR SALE


Calumet City, IL 60409
$1,357,000 USD
630-886-4408
626 River Oaks Dr, Calumet City, IL for Sale
$1,357,000 USD
Drug Store - FOR SALE
1/4
null | 7% Cap Rate

626 River Oaks Dr
Calumet City, IL 60409


HIGHLIGHTS

  • Long-Term, Corporate-Backed Lease
  • Strong International Tenant
  • NNN Lease with Minimal Landlord Responsibilities
  • Located at Signalized Intersection, 28k Combined Daily Vehicles
  • Neighboring Businesses Include McDonald's & Dunkin'

OVERVIEW

Brookline Real Estate, LLC presents the opportunity to acquire a Dollar General Redevelopment triple-net (NNN) investment positioned in a strong, transit-oriented location in the Chicago suburb of Calumet City. 626 River Oaks Drive contains 12,855 square-feet and is situated on approximately 0.66 acres. Near IL/IN state line at the northwest corner of River Oaks Road and Burnham Avenue, the property benefits greatly from its position next to McDonald's and Dunkin', and a few blocks from River Oaks Mall. The brick construction building has been remarkably-maintained and offers its visitors 38 total parking spots in accessible front and side lots. Multiple entrances on River Oaks Drive and access from Burnham Avenue aid traffic flow and allow the business to operate smoothly. Currently in year three of a ten-year corporate lease, Dollar General has shown stability and continued success at the location. This asset is being offered at a 7.00% CAP rate with tremendous cash flow and continued growth.

FOR SALE DETAILS

PRICE

$1,357,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General -Former Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

B

APN/PARCEL ID

30-19-204-005-0000,30-19-204-006-0000

ASK ABOUT THIS PROPERTY

Dominick CannataBrookline Real EstateMore Info
630-886-4408

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Dominick CannataBrookline Real EstateMore Info
630-886-4408

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