Dollar General | 900 Hen House Rd
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Dollar General 900 Hen House Rd
8,125 SF Retail Building Okawville, IL 62271 $681,300 ($84/SF) 8% Cap Rate
Investment Highlights
- Located next to large truck stop with 40+ truck bays
- Built in 2004, Roof replaced within last four years
- Corporate Guaranteed Lease - This is the only Dollar General within 12 miles
- One five-year option with 15% increase in option
- Located off I-65 with direct frontage to the highway and the main thoroughfare through town
- Dollar General reimburses for minor repairs up to $1,000 per occurrence
Executive Summary
RIPCO Real Estate is pleased to offer for sale DOLLAR GENERAL, a 8,125 SF single-tenant single, double net lease property occupied by Dollar General, in Okawville, IL. The tenant recently executed a 5 year option with a 15% increase in base rent and CAM contribution.
This Dollar General was constructed in 2004 and currently has 5.0 years of term remaining. The asset is located at the exit off State Highway 177 SE and Interstate 64, which serves as an entrance to the city of Okawville. At this crossroads is a combined AADT of 21,195.
Within 5 miles of Dollar General, there is a population of 2,472 and an average household income of $83,379.
This Dollar General was constructed in 2004 and currently has 5.0 years of term remaining. The asset is located at the exit off State Highway 177 SE and Interstate 64, which serves as an entrance to the city of Okawville. At this crossroads is a combined AADT of 21,195.
Within 5 miles of Dollar General, there is a population of 2,472 and an average household income of $83,379.
Property Facts
Sale Type
Investment
Property Type
Building Size
8,125 SF
Building Class
C
Year Built
2004
Price
$681,300
Price Per SF
$84
Cap Rate
8%
NOI
$54,504
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.13 AC
PROPERTY TAXES
| Parcel Number | 12-06-16-479-003 | Improvements Assessment | $189,852 |
| Land Assessment | $13,476 | Total Assessment | $203,328 |
PROPERTY TAXES
Parcel Number
12-06-16-479-003
Land Assessment
$13,476
Improvements Assessment
$189,852
Total Assessment
$203,328
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Dollar General | 900 Hen House Rd
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