107 E Dixon St
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107 E Dixon St
9,900 SF Retail Building Polo, IL 61064 $851,429 ($86/SF) 8.75% Cap Rate
Investment Highlights
- Dixon Street feeds into the busiest road in Polo, IL.
- 6.5 miles away sits White Pines Forest State Park, a popular destination for tourists.
- The Polo City Council committed 170K to economic growth so far in 2024.
Executive Summary
Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 107 E Dixon Street in Polo, Illinois. The investment is being offered at an 8.35% cap rate with a price of $892,215.
The subject property is a retrofeitted 9,900 square foot store built for Dollar General in 2009. The lease is structrured as a double net with 6 years remaining and includes three 5-year renewal options, each featuring a 10% rental increase. Under the terms of this double net lease, the tenant is responsible for taxes, insurance, $340.00 per month of CAM, and all HVAC repairs. The landlord is responsible for the roof, structure, and parking lot maintenance.
The subject property is a retrofeitted 9,900 square foot store built for Dollar General in 2009. The lease is structrured as a double net with 6 years remaining and includes three 5-year renewal options, each featuring a 10% rental increase. Under the terms of this double net lease, the tenant is responsible for taxes, insurance, $340.00 per month of CAM, and all HVAC repairs. The landlord is responsible for the roof, structure, and parking lot maintenance.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,900 SF
Building Class
C
Year Built
2009
Price
$851,429
Price Per SF
$86
Cap Rate
8.75%
NOI
$74,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.54 AC
Zoning
C-2
Parking
25 Spaces (2.53 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 14-16-202-015 | Improvements Assessment | $241,181 |
| Land Assessment | $23,530 | Total Assessment | $264,711 |
PROPERTY TAXES
Parcel Number
14-16-202-015
Land Assessment
$23,530
Improvements Assessment
$241,181
Total Assessment
$264,711
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107 E Dixon St
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