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1 Sunset Dr
Mount Vernon, IL 62864
New Dutch Bros | Across from Mall | 43k VPD · Retail Property For Sale
Investment Highlights
- New Construction | 15-Year Lease | 10% Increases Every 5 Years
- Prime Retail Corridor | Interstate 57 Access (46,300 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Mt Vernon, Illinois. The tenant, Boersma Bros, LLC recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Price
$3,678,084 CAD
Price Per SF
$3,871.67 CAD
Cap Rate
5.50%
NOI
$202,270 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.00 AC
Zoning
B-2 - Secondary Business
Parking
16 Spaces (16.84 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 06-25-376-037 | Improvements Assessment | $46,005 CAD |
| Land Assessment | $55,474 CAD | Total Assessment | $101,479 CAD |
Property Taxes
Parcel Number
06-25-376-037
Land Assessment
$55,474 CAD
Improvements Assessment
$46,005 CAD
Total Assessment
$101,479 CAD
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