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Family Dollar Tree 505 N Route 49 17,692 SF Retail Building Casey, IL 62420 $1,587,749 CAD ($89.74 CAD/SF) 8.65% Cap Rate
Investment Highlights
- Brand New, Long-Term Net Lease with Escalations
- Low Building and Rent per SF (Under $80/SF & less than $7/SF)
- 2023 Renovations to Existing 16K+ SF Building
- Strong Access & Visibility – Near Local Schools
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar | Dollar Tree property located in Casey, IL (the “Property”). The Property consists of a 16,240-square-foot freestanding retail building on a 1.73-acre parcel of land. Family Dollar | Dollar Tree operates under a 10-year, net lease with limited landlord responsibilities. The lease also features 4, 5-year extension options with rent escalations at the beginning of each option term, offering investors a hedge against inflation. See Lease Abstract for full details.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,692 SF
Building Class
C
Year Built
1980
Price
$1,587,749 CAD
Price Per SF
$89.74 CAD
Cap Rate
8.65%
NOI
$137,340 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.73 AC
Parking
48 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-11-20-05-101-001Z | Improvements Assessment | $95,381 CAD |
| Land Assessment | $34,055 CAD | Total Assessment | $129,437 CAD |
Property Taxes
Parcel Number
03-11-20-05-101-001Z
Land Assessment
$34,055 CAD
Improvements Assessment
$95,381 CAD
Total Assessment
$129,437 CAD
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Family Dollar Tree | 505 N Route 49
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