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Family Dollar 119 W Adams St

8,359 SF Retail Building Rushville, IL 62681 $1,098,350 ($131/SF) 11% Cap Rate

Retail Buildings Illinois Rushville 119 W Adams St, Rushville, IL 62681

Investment Highlights

  • Original 15-Year Absolute Triple Net (NNN) Lease
  • Ten Percent (10%) Rental Increase in July 2024
  • Approximately 5.8 Years Remaining
  • Six (6), Five (5)-Year Tenant Renewal Options

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for Family Dollar located at 119 W Adams St, Rushville, Illinois. The site consists of roughly 8,539 rentable square feet of building space on estimated 0.85-acre parcel of land. This Family Dollar is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 18th, 2015. The current annual rent is $109,835.04 and is scheduled to increase by 10% in June 2024 and in each of the 6, 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,359 SF
Building Class
B
Year Built
2016
Price
$1,098,350
Price Per SF
$131
Cap Rate
11%
NOI
$120,819
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.85 AC
Parking
5 Spaces (0.6 Spaces per 1,000 SF Leased)
Frontage
98 FT on West Adams Street
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 08-30-155-017
  • 08-30-155-018
 Improvements Assessment $155,627
Land Assessment $24,010 Total Assessment $179,637

PROPERTY TAXES

Parcel Numbers
Multiple
  • 08-30-155-017
  • 08-30-155-018
Land Assessment
$24,010
Improvements Assessment
$155,627
Total Assessment
$179,637
(332) 345-4222

Contacts

  • Listing ID: 32717540

  • Date on Market: 8/7/2024

  • Last Updated:

  • Address: 119 W Adams St, Rushville, IL 62681

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Family Dollar | 119 W Adams St
(332) 345-4222 x

Family Dollar | 119 W Adams St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Christopher Urban

(207) 272-2425

(207) 272-2425

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