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Family Dollar | DollarTree Combo 709 N Court St 12,000 SF Retail Building Grayville, IL 62844 $1,301,827 CAD ($108.49 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- The Store is Positioned On New Jackson Hwy | Highest Traf?cked Road
- Three Mile Average Household Income of $68,644
- Combo Stores See 20% Increase in Revenue!
- 10-Year NN Lease Requiring Minimal Landlord Responsibilities
- New Dual Tenant Concept | Brand New Lease
- The Store Out Positions Other Retailers
EXECUTIVE SUMMARY
Fortis Net Lease is pleased to present this retro?t 12,000 SF Dollar Tree & Family Dollar Hybrid store located in Granville, IL. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains five (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classifed as investment grade.
This Store is highly visible as it is strategically positioned off of North Court, which is the highest-trafficked road in Grayville. The five-mile population is 2,355 with a three-mile average household income of $68,644. These numbers are above average for the typical Dollar Store.
This investment will offer a new owner success due to the ? financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price refects a 8.50% cap rate based on NOI of $80,040.
This Store is highly visible as it is strategically positioned off of North Court, which is the highest-trafficked road in Grayville. The five-mile population is 2,355 with a three-mile average household income of $68,644. These numbers are above average for the typical Dollar Store.
This investment will offer a new owner success due to the ? financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price refects a 8.50% cap rate based on NOI of $80,040.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,000 SF
Building Class
C
Year Built/Renovated
1980/2023
Price
$1,301,827 CAD
Price Per SF
$108.49 CAD
Cap Rate
8.50%
NOI
$110,655 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.83 AC
Zoning
C-1 - Commercial
Frontage
167’ on N Court St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar Tree
- Retailer
- 12,000 SF
- $9.21 CAD
- Triple Net
- Dec 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar Tree | Retailer | 12,000 SF | $9.21 CAD | Triple Net | Dec 2034 |
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Family Dollar | DollarTree Combo | 709 N Court St
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