7505 Hancock Dr | Wonder Lake, IL 60097
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7505 Hancock Dr
Wonder Lake, IL 60097
Dollar Tree · Retail Property For Sale
Investment Highlights
- Grade Tenant – Dollar Tree (NASDAQ: DLTR) is an investment grade tenant based on a BBB rating by S&P.
- Complete Interior Remodel in 2023
- Perfect for 1031 exchange at a price of $1,343,888 and a very favorable cap rate of 7.55%.
- Net Leased Property – Minimal landlord responsibilities!!
- Long Term Corporate Lease – 10-year lease with 4 (5 year) option periods. Approx. $0.50 PSF rental increases in primary term and in each of the four o
- Extra large lot of over 2 acres !!!
PROPERTY FACTS
Property Type
Retail
Property Subtype
Retail
Building Size
12,320 SF
Building Class
C
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.45 AC
Zoning
Commercial
Parking
57 Spaces (4.63 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 09-18-201-012 | Improvements Assessment | $241,363 |
| Land Assessment | $17,541 | Total Assessment | $258,904 |
PROPERTY TAXES
Parcel Number
09-18-201-012
Land Assessment
$17,541
Improvements Assessment
$241,363
Total Assessment
$258,904
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