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Dollar General 2501 Locust Street 10,556 SF Retail Building Sterling, IL 61081 $2,420,525 CAD ($229.30 CAD/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Densely populated area with over 29,000 people living within five miles
- Long-term lease with 15 years remaining
- Absolute triple net lease with zero landlord responsibilities
- Immediate proximity to the corporate headquarters of Wahl Clipper Corporation (1,200 +/- employees)
- Rental increases in primary term and renewal options
- Brand-new construction store opening in Fall 2025
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
10,556 SF
Year Built
2025
Price
$2,420,525 CAD
Price Per SF
$229.30 CAD
Cap Rate
6.65%
NOI
$160,977 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.38 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
- -
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | - | - | Triple Net | - |
NEARBY MAJOR RETAILERS
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Dollar General | 2501 Locust Street
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