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DG - Marine, IL IL Route 143 and IL Route 4 9,100 SF Retail Building Marine, IL 62061 $2,060,606 ($226.44/SF) 6.60% Cap Rate
Investment Highlights
- Absolute NNN
- 15 year lease
- Dollar General
Executive Summary
New Construction, 9,100 SF Freestanding Building
Absolute NNN, Annual Rent: $136,000
New Lease Terms - 5% rent increases every 5 years
Lease Term -15 years, Commencement Date - December 2025
Average CAP over 15 years 6.94%
Absolute NNN, Annual Rent: $136,000
New Lease Terms - 5% rent increases every 5 years
Lease Term -15 years, Commencement Date - December 2025
Average CAP over 15 years 6.94%
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2026
Construction Status
Proposed
Price
$2,060,606
Price Per SF
$226.44
Cap Rate
6.60%
NOI
$136,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.71 AC
Zoning
C - Commercial
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 06-1-17-20-00-000-001 | Improvements Assessment | $111,810 |
| Land Assessment | $37,490 | Total Assessment | $149,300 |
Property Taxes
Parcel Number
06-1-17-20-00-000-001
Land Assessment
$37,490
Improvements Assessment
$111,810
Total Assessment
$149,300
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DG - Marine, IL | IL Route 143 and IL Route 4
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