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Dollar General (former Kroger) 601 S Main St 10,640 SF Retail Building Carrollton, IL 62016 $1,624,812 CAD ($152.71 CAD/SF) 7.38% Cap Rate
EXECUTIVE SUMMARY
Property Details:
Building Area: 10,640 SF
Site: .75 AC
Year Built: 2023
Price (PSF): $115.65
Guarantor: Dollar General Corporation
Appraised in 2022: $1,407,000
Former Kroger Tenant - Finish-to-Suit
Lease Overview:
Remaining Lease Term: 8 Year
Lease Expires: 09/30/32
Lease Type: NNN
Options: Three, (5) Year Options
Commencement Date: 09/20/2022
Monthly Rent: $7,387.62
Annual Rent: $88,596.00
Three 5-year Options with 10% Increases
Building Area: 10,640 SF
Site: .75 AC
Year Built: 2023
Price (PSF): $115.65
Guarantor: Dollar General Corporation
Appraised in 2022: $1,407,000
Former Kroger Tenant - Finish-to-Suit
Lease Overview:
Remaining Lease Term: 8 Year
Lease Expires: 09/30/32
Lease Type: NNN
Options: Three, (5) Year Options
Commencement Date: 09/20/2022
Monthly Rent: $7,387.62
Annual Rent: $88,596.00
Three 5-year Options with 10% Increases
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
10,640 SF
Building Class
B
Year Built
2022
Price
$1,624,812 CAD
Price Per SF
$152.71 CAD
Cap Rate
7.38%
NOI
$119,960 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.75 AC
Zoning
Commercial
Parking
46 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
178’ on South Main
PROPERTY TAXES
| Parcel Number | 03-92-22-230-007 | Improvements Assessment | $223,206 CAD |
| Land Assessment | $7,121 CAD | Total Assessment | $230,327 CAD |
PROPERTY TAXES
Parcel Number
03-92-22-230-007
Land Assessment
$7,121 CAD
Improvements Assessment
$223,206 CAD
Total Assessment
$230,327 CAD
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Dollar General (former Kroger) | 601 S Main St
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