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Ideal 1031 Exchange
861 N. Larkin, Joliet, IL 60436
$1,500,000
1 AC
1 AC
Land
Commercial/ Other (land)
Retail (land)
-
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Last Verified 10/19/2009
Listing ID 13734372
1 Lot Available
Lot 1
$1,500,000
1 AC
Commercial/ Other (land)
Highlights
Joliet rapidly expanding residentially/commercially- High traffic
- Topography is good
- 9,180 SF Family Dollar Store
- An additional acre of land for development
Description
For sale a 9,180 SF Family Dollar. This free-standing store was constructed as a build-to-suit for Family Dollar with a lease term commencing in March of 2006. The lease has an initial term of 10 years, with 10% bumps in every 5 years including 5-5 year option periods. Development of the adjacent land will provide significant additional value and revenue for the purchaser.
Located at 861 N. Larkin Avenue. Located on 1 acre of land, with an additional acre of land for development.The site is part of a larger retail complex including AutoZone, Merlin Muffler, and PPG Paint. Cross easements are in place, between each retailer.
Map of 861 N. Larkin, Joliet, IL 60436
Created 7/22/2003
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.