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Dollar General 346 Illinois Route 29 9,100 SF Retail Building Pana, IL 62557 $1,228,500 ($135/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Extremely low rent and price for a recently constructed Dollar General (compared to many for $2M+)
- Absolute triple net lease with no landlord responsibilities
- Strong retail trade area featuring AutoZone, Walgreens, McDonald’s, Save A Lot, County Market, Casey’s, Dairy Queen, Subway, and many others
- Long-term lease with over 10 years remaining
- Positioned at a hard corner along Illinois Route 29, a major thoroughfare in Pana
- Recently constructed building (2021)
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
9,100 SF
Year Built
2021
Price
$1,228,500
Price Per SF
$135
Cap Rate
7%
NOI
$85,996
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.20 AC
Opportunity Zone
Yes
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar General
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar General | - | - | - | - |
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Dollar General | 346 Illinois Route 29
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