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Family Dollar 215 Chestnut st 8,320 SF Retail Building Wenona, IL 61377 $1,097,625 ($131.93/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare Absolute Triple-Net (NNN) Lease | Zero (0) Landlord Responsibilities | The property is subject to an absolute triple-net lease
- Original 15-Year Lease | 2015 Build-To-Suit Construction | Approximately Four (4) Years Remaining
- Ten Percent (10.00%) Rental Increases Every Five (5) Years And In Options
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Family Dollar located at 215 North Chestnut Street, Wenona, Illinois 61377. The site consists of roughly 8320 rentable square feet of building space on an estimated 1.84-acre parcel of land. This Family Dollar is subject to a 14-year Triple Net (NNN) lease, which commenced 3/12/2015. The current annual rent is $87,810 and has scheduled increases of 10.00% Every 5 Years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,320 SF
Building Class
B
Year Built
2015
Price
$1,097,625
Price Per SF
$131.93
Cap Rate
8%
NOI
$87,810
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.84 AC
Frontage
86’ on South Chestnut Street
PROPERTY TAXES
| Parcel Number | 07-24-278-002 | Improvements Assessment | $21,831 |
| Land Assessment | $2,800 | Total Assessment | $24,631 |
PROPERTY TAXES
Parcel Number
07-24-278-002
Land Assessment
$2,800
Improvements Assessment
$21,831
Total Assessment
$24,631
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Family Dollar | 215 Chestnut st
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