Your email has been sent.
Family Dollar 1608 Georgetown Rd 15,825 SF 100% Leased Retail Building Tilton, IL 61833 $872,884 ($55.16/SF) 9.50% Cap Rate



Investment Highlights
- Offered at $872,884, representing a 9.50% capitalization rate
- Family Dollar has operated at this location since 2013 and has exercised an option to extend, reflecting long-term operational success and commitment
- ±10,380 SF building situated on a ±1.53-acre parcel with ±53 parking spaces, offering strong customer accessibility; includes a loading dock
- ±3 years remaining on the current lease term, with five (5) additional five-year renewal options; includes a significant 18% rent increase
- Lease guaranteed by Family Dollar Corporation (corporate guarantee)
- Originally constructed in 1979 and fully renovated in 2013 for Family Dollar; the property has been well maintained
Executive Summary
Matthew M. Fitzgerald
License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dunn Wright Furniture
- Manufacturing
- -
- -
- -
- -
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
- True Grit Fitness
- Arts, Entertainment, and Recreation
- -
- -
- -
- -
Verizon Communications originated in 1983 as Bell Atlantic after the AT&T breakup. The company merged with GTE in 2000, forming Verizon Communications. Today, it operates consumer services like wireless networks and Fios fiber-optic internet and TV. Its business segment provides networking, cloud solutions, and security services. Verizon remains one of the largest telecommunications providers in the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dunn Wright Furniture | Manufacturing | - | - | - | - | |
|
Retailer | - | - | - | - | |
| True Grit Fitness | Arts, Entertainment, and Recreation | - | - | - | - | |
|
Information | - | - | Industrial Gross | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-20-100-006 | Improvements Assessment | $133,766 |
| Land Assessment | $20,507 | Total Assessment | $154,273 |
Property Taxes
Presented by
Family Dollar | 1608 Georgetown Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
