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STNL Investment Opportunity 626 River Oaks Dr 12,855 SF Retail Building Calumet City, IL 60409 $1,225,000 ($95.29/SF) 7.76% Cap Rate
Investment Highlights
- STNL Dollar General
- Top 91% Dollar General in IL
- 7.75% CAP
Executive Summary
Brookline Real Estate, LLC presents the opportunity to acquire a Dollar General Redevelopment triple-net (NNN) investment positioned in a strong, transit-oriented location in the Chicago suburb of Calumet City.
626 River Oaks Drive contains 12,855 square-feet and is situated on approximately 0.66 acres. Near IL/IN state line at the northwest corner of River Oaks Road and Burnham Avenue, the property benefits greatly from its position next to McDonald's and Dunkin', and a few blocks from River Oaks Mall.
The brick construction building has been remarkably-maintained and offers its visitors 38 total parking spots in accessible front and side lots. Multiple entrances on River Oaks Drive and access from Burnham Avenue aid traffic flow and allow the business to operate smoothly.
Currently in year three of a ten-year corporate lease, Dollar General has shown stability and continued success at the location. This asset is being offered at a 7.75% CAP rate with tremendous cash flow and continued growth.
626 River Oaks Drive contains 12,855 square-feet and is situated on approximately 0.66 acres. Near IL/IN state line at the northwest corner of River Oaks Road and Burnham Avenue, the property benefits greatly from its position next to McDonald's and Dunkin', and a few blocks from River Oaks Mall.
The brick construction building has been remarkably-maintained and offers its visitors 38 total parking spots in accessible front and side lots. Multiple entrances on River Oaks Drive and access from Burnham Avenue aid traffic flow and allow the business to operate smoothly.
Currently in year three of a ten-year corporate lease, Dollar General has shown stability and continued success at the location. This asset is being offered at a 7.75% CAP rate with tremendous cash flow and continued growth.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,855 SF
Building Class
C
Year Built
1998
Price
$1,225,000
Price Per SF
$95.29
Cap Rate
7.76%
NOI
$95,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
B - Commercial Business District
Parking
45 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $37,035 | |
| Land Assessment | $3,736 | Total Assessment | $40,771 |
Property Taxes
Parcel Numbers
Land Assessment
$3,736
Improvements Assessment
$37,035
Total Assessment
$40,771
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STNL Investment Opportunity | 626 River Oaks Dr
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