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46.01% Partial Interest-Dollar General 301 E State Route 115 9,026 sq ft Retail Property Herscher, IL 60941 £533,286 (£59.08/sq ft) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Investment Structure: Tenant-in-Common (TIC), satisfies IRS requirements for 1031 exchanges
- Renewal Options: Five 5-year options
- Lease Type: Absolute NNN lease, corporate guarantee
EXECUTIVE SUMMARY
Please note that this is NOT a whole building purchase. 46.01% of the property is being sold.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Standalone
Property Size
9,026 sq ft
Costar Property Class
C
Year Built
2016
Price
£533,286
Price per sq ft
£59.08
Yield
6%
NOI
£31,997
Tenancy
Single
Number of Floors
1
Plot ratio
0.09
Total Plot Size
2.29 ac
Use Class
C-2 - C-2 Zoning
Parking
30 Spaces (3.32 Spaces per 1,000 sq ft Leased)
Frontage
250 ft on Route 115
PROPERTY TAXES
| Parcel Number | 14-14-21-300-013 | Improvements Assessment | £169,231 |
| Land Assessment | £9,419 | Total Assessment | £178,650 |
PROPERTY TAXES
Parcel Number
14-14-21-300-013
Land Assessment
£9,419
Improvements Assessment
£169,231
Total Assessment
£178,650
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46.01% Partial Interest-Dollar General | 301 E State Route 115
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