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- LoopNet Team
107 E Dixon St
Polo, IL 61064
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporately Guaranteed Lease - BBB Credit Tenant (Standard & Poor's)
- Dollar General Responsible For Repair, Maintenance, and Replacement of HVAC
- Only Retailer In Market - No Competition
- Three, Five Year Options Remaining With 10 Percent Increases In Each
- Dollar General Pays $340/Month For Common Area Maintenance, Reconciled At Year End
PROPERTY FACTS
ABOUT 107 E DIXON ST , POLO, IL 61064
Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 107 East Dixon St in Polo, Illinois. The site was renovated for Dollar General in 2009 and consists of 9,900 rentable square feet. This investment is being offered at $862,000, which represents an 8.64 percent capitalization rate. Dollar General has 4.7 years remaining on a corporately guaranteed double net lease after a recent lease extension. Additionally there are three, five-year renewal options with favorable ten percent rental increases in each. Landlord benefits from rare HVAC clause; Dollar General is responsible for all HVAC repair and replacement. Dollar General pays $340/Month as estimated cost to maintain the property. Estimated cost for CAM can be adjusted at the beginning of each fiscal year for any increase in expense.
PROPERTY TAXES
| Parcel Number | 14-16-202-015 | Improvements Assessment | $225,000 |
| Land Assessment | $23,500 | Total Assessment | $248,500 |
PROPERTY TAXES
