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Dollar Tree 915 N Walnut St 20,000 SF Retail Building Mount Carmel, IL 62863 $1,571,428 ($78.57/SF) 7% Cap Rate

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Investment Highlights

  • Dollar Tree, Inc. (NASDAQ: DLTR), rated BBB by S&P, operates over 16,000 stores nationwide with more than 200,000 employees
  • Situated along Mount Carmel’s primary retail artery with direct exposure to major national retailers including McDonald’s, Burger King, AutoZone
  • Within the economic reach of Gibson Generating Station—the largest coal-fired power plant in North America by output and the largest facility
  • Approximately eight years of remaining primary lease term with four (4), five-year renewal options, providing durable, passive cash flow
  • Located near several major employers including Toyota Motor Manufacturing Indiana (7,000+ employees), Toyota Boshoku Indiana, and Futaba North America
  • Regional presence of Berry Global Group, Inc., a Fortune 500 global packaging manufacturer with over 265 facilities and 46,000+ employees

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
20,000 SF
Building Class
C
Year Built
1950
Price
$1,571,428
Price Per SF
$78.57
Cap Rate
7%
NOI
$109,943
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.20
Lot Size
2.29 AC
Zoning
B1 - Outlying Business District
Parking
100 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
305’ on North Walnut Street

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -

Nearby Major Retailers

Scooter's Coffee
Regions Bank
The YMCA

Property Taxes

Property Taxes

Parcel Number
05-211-20-216-010
Land Assessment
$27,370
Improvements Assessment
$62,010
Total Assessment
$89,380
  • Listing ID: 38505786

  • Date on Market: 11/19/2025

  • Last Updated:

  • Address: 915 N Walnut St, Mount Carmel, IL 62863

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