Retail Space /IL /Madison County /Marine /IL Route 143 and IL Route 4
Retail Space /IL /Madison County /Marine /IL Route 143 and IL Route 4

IL Route 143 and IL Route 4 - Convenience Store FOR SALE


Marine, IL 62061 | 
$2,092,308 USD
636-970-0330
IL Route 143 and IL Route 4, Marine, IL for Sale
$2,092,308 USD
Convenience Store - FOR SALE
1/1
null | 6.5% Cap Rate
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IL Route 143 and IL Route 4
Marine, IL 62061

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HIGHLIGHTS

  • Absolute NNN
  • Dollar General
  • 15 year lease

OVERVIEW

New Construction, 9,100 SF Freestanding Building Absolute NNN, Annual Rent: $136,000 New Lease Terms - 5% rent increases every 5 years Lease Term -15 years, Commencement Date - December 2025 Sale Price: $2,092,307 (6.5% CAP) Average CAP over 15 years 6.83%

FOR SALE DETAILS

PRICE

$2,092,308 USD

PRICE/SF

$230 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DG - Marine, IL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bob CissellCissell Mueller Company, L.L.C.More Info
636-970-0330

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Bob CissellCissell Mueller Company, L.L.C.More Info
636-970-0330

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

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