Investor equity buy-in for retail income standalone building. Stable anchor tenant in place, Dollar General retail, with 40-year lease terms. Investor participation portion is 4.92% ownership. The first period lease capitalization rate is at 8.82% net. Cash investment requirement is $49,200. Retail property is a steel and masonry building constructed in 2016. This is a single occupant building with the rentable area of 9,026 sqft. Building features steel structural framing, exterior walls of concrete block and steel, with central HVAC, fire suppression and alarm system. Building sits on a parcel of 99,752 sqft / 2.29 acres. The site has 30 surface parking spaces. Accessibility is by State Route 115, which is a major arterial. The subject resides on the northern edge of Herscher. This Dollar Tree tenant serves Herscher and greater southwestern Kankakee County. The lease terms are triple net, with no landlord responsibilities. A very nice armchair investment. Contact broker for additional information.
Some words will not translate correctly. By using this feature, you accept this risk and agree to release Berkshire Hathaway HomeServices and its franchisees from any claims or damages resulting from incorrect translation.
Berkshire Hathaway HomeServices does not endorse any of the products or vendors, referenced on this material.
Any mention of vendors, products, or services is for informational purposes only.
Member of: Berkshire Hathaway HomeServices Starck Real Estate, (847) 934-1153 Agent Login | Agent CRM Login
Our website uses cookies, including third parties’ profiling cookies, to improve your user experience. You can learn more about how we use cookies and how to change your
cookies settings in our Privacy Policy. By closing this message, clicking above or continuing to use this site, you consent to our use of cookies.