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Dollar General (former Kroger) 601 S Main St 10,640 SF Retail Building Carrollton, IL 62016 $1,200,000 ($112.78/SF) 7.38% Cap Rate
Executive Summary
Property Details:
Building Area: 10,640 SF
Site: .75 AC
Year Built: 2023
Price (PSF): $115.65
Guarantor: Dollar General Corporation
Appraised in 2022: $1,407,000
Former Kroger Tenant - Finish-to-Suit
Lease Overview:
Remaining Lease Term: 8 Year
Lease Expires: 09/30/32
Lease Type: NNN
Options: Three, (5) Year Options
Commencement Date: 09/20/2022
Monthly Rent: $7,387.62
Annual Rent: $88,596.00
Three 5-year Options with 10% Increases
Building Area: 10,640 SF
Site: .75 AC
Year Built: 2023
Price (PSF): $115.65
Guarantor: Dollar General Corporation
Appraised in 2022: $1,407,000
Former Kroger Tenant - Finish-to-Suit
Lease Overview:
Remaining Lease Term: 8 Year
Lease Expires: 09/30/32
Lease Type: NNN
Options: Three, (5) Year Options
Commencement Date: 09/20/2022
Monthly Rent: $7,387.62
Annual Rent: $88,596.00
Three 5-year Options with 10% Increases
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
10,640 SF
Building Class
B
Year Built
2022
Price
$1,200,000
Price Per SF
$112.78
Cap Rate
7.38%
NOI
$88,596
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.75 AC
Zoning
Commercial
Parking
46 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
178’ on South Main
Property Taxes
| Parcel Number | 03-92-22-230-007 | Improvements Assessment | $164,848 |
| Land Assessment | $5,259 | Total Assessment | $170,107 |
Property Taxes
Parcel Number
03-92-22-230-007
Land Assessment
$5,259
Improvements Assessment
$164,848
Total Assessment
$170,107
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Dollar General (former Kroger) | 601 S Main St
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