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2433 Ridge Rd
Lansing, IL 60438
Dollar Tree · Retail Property For Sale
Investment Highlights
- 10+ Years Remaining in NN Lease | Requires Minimal Landlord Responsibility
- Lease Supports Two (2), 5-Year Option Periods | Rent Escalations of $0.50 PSF Featured During Each Option Period
- 10 Year Transferrable Roof Warranty Available Upon Sale
- New 2016 Construction Featuring Dollar Tree’s Modern Prototype Store | Site Averages 359K+ Visits Per Year (Placer.ai)
- Rent Increase Provides Investor with Hedge Against Inflation
- Corporate Guarantee by Dollar Tree which Carries a “BB+” Rating
Executive Summary
10+ Years Remaining in NN Lease | Requires Minimal Landlord Responsibility
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
B
Year Built
2016
Price
$1,768,000
Price Per SF
$176.80
Cap Rate
7.35%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.00 AC
Zoning
Commercial
Parking
48 Spaces (4.8 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $67,694 | |
| Land Assessment | $11,269 | Total Assessment | $78,963 |
Property Taxes
Parcel Numbers
Land Assessment
$11,269
Improvements Assessment
$67,694
Total Assessment
$78,963
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