764 S Blanche St - Freestanding FOR SALE


Mounds, IL 62964
$1,127,484 USD
714-330-1436
764 S Blanche St, Mounds, IL for Sale
$1,127,484 USD
Freestanding - FOR SALE
1/2
null | 7.75% Cap Rate

764 S Blanche St
Mounds, IL 62964


HIGHLIGHTS

  • Close proximity to Interstate 57 which links Mounds to Chicago, IL to north and Sikeston, MO to the south
  • Close proximity with the nearest Walmart located 27 miles from the property

OVERVIEW

Dollar General is an investment grade rated tenant (S&P: BBB). 5 years remaining on lease renewal. 10% rental escalations in each renewal option period. Minimal landlord responsibilities - Dollar General fully reimburses for CAM. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization of approximately $29 billion. Dollar General has had 35 consecutive years of same store sales growth proving to be resistant to both difficult economic times and e-commerce.

FOR SALE DETAILS

PRICE

$1,127,484 USD

PRICE/SF

$125 USD /SF

CAP RATE

7.75%

% 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

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

-

APN/PARCEL ID

07-22-200-054

ASK ABOUT THIS PROPERTY

Andrew MonettePinnacle Real Estate AdvisorsMore Info
714-330-1436

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Andrew MonettePinnacle Real Estate AdvisorsMore Info
714-330-1436

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