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610 SW 3rd St
Aledo, IL 61231

Dollar General · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
12,981 SF
Building Class
C
Year Built
2010
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.34
Lot Size
0.87 AC
Zoning
C - Commercial
Parking
25 Spaces (1.93 Spaces per 1,000 SF Leased)
Frontage
125 FT on SW 7th Ave

About 610 SW 3rd St , Aledo, IL 61231

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 610 SW 3rd St in Aledo, Illinois. The site was renovated for Dollar General in 2010 and consists of 12,981 rentable square feet. This investment is being offered at $920,000, which represents an 8.63 percent capitalization rate. Dollar General has 5.6 years remaining on a corporately guaranteed, double net lease after a recent lease extension. Additionally there are three, five-year renewal options with favorable 10 percent rental increases in each. Landlord benefits from rare HVAC clause; Dollar General responsible for all HVAC repair and replacement. Dollar General pays $308/Month as estimated cost to maintain the property. Estimated cost for CAM can be adjusted at the beginning of each fiscal year for any increase in expense.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-10-20-105-001
Land Assessment
$17,460
Improvements Assessment
$246,475
Total Assessment
$263,935
  • Listing ID: 18665430

  • Date on Market: 2/27/2020

  • Last Updated:

  • Address: 610 SW 3rd St, Aledo, IL 61231

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