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Family Dollar 205 N Chestnut St 8,320 SF Retail Building Wenona, IL 61377 $1,269,066 CAD ($152.53 CAD/SF) 9.50% Cap Rate
Investment Highlights
- Rare Absolute Triple-Net (NNN) Lease | Zero (0) Landlord Responsibilities | The property is subject to an absolute triple-net lease
- Original 15-Year Lease | 2015 Build-To-Suit Construction | Approximately Four (4) Years Remaining
- Ten Percent (10.00%) Rental Increases Every Five (5) Years And In Options
Executive Summary
Surmount is pleased to present the exclusive listing for a Family Dollar located at 205 North Chestnut Street, Wenona, Illinois 61377. The site consists of roughly 8320 rentable square feet of building space on an estimated 1.84-acre parcel of land. This Family Dollar is subject to a 14-year Triple Net (NNN) lease, which commenced 3/12/2015. The current annual rent is $87,810 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,320 SF
Building Class
B
Year Built
2015
Price
$1,269,066 CAD
Price Per SF
$152.53 CAD
Cap Rate
9.50%
NOI
$120,561 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.84 AC
Frontage
86’ on South Chestnut Street
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 07-24-278-002 | Improvements Assessment | $29,754 CAD |
| Land Assessment | $3,816 CAD | Total Assessment | $33,571 CAD |
Property Taxes
Parcel Number
07-24-278-002
Land Assessment
$3,816 CAD
Improvements Assessment
$29,754 CAD
Total Assessment
$33,571 CAD
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Family Dollar | 205 N Chestnut St
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