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46.01% Partial Interest-Dollar General 301 E State Route 115 9,026 SF Retail Building Herscher, IL 60941 $713,274 ($79.02/SF) 6% Cap Rate
Investment Highlights
- Investment Structure: Tenant-in-Common (TIC), satisfies IRS requirements for 1031 exchanges
- Renewal Options: Five 5-year options
- Lease Type: Absolute NNN lease, corporate guarantee
Executive Summary
Please note that this is NOT a whole building purchase. 46.01% of the property is being sold.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2016
Price
$713,274
Price Per SF
$79.02
Cap Rate
6%
NOI
$42,796
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.29 AC
Zoning
C-2 - C-2 Zoning
Parking
30 Spaces (3.32 Spaces per 1,000 SF Leased)
Frontage
250’ on Route 115
Property Taxes
| Parcel Number | 14-14-21-300-013 | Improvements Assessment | $226,347 |
| Land Assessment | $12,598 | Total Assessment | $238,945 |
Property Taxes
Parcel Number
14-14-21-300-013
Land Assessment
$12,598
Improvements Assessment
$226,347
Total Assessment
$238,945
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46.01% Partial Interest-Dollar General | 301 E State Route 115
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