301 E STATE ROUTE 115
HERSCHER, IL 60941
$49,200
N/A Beds
0 Baths
9,026 Sq Ft
Status Active
MLS# 11960473
Investor equity buy-in for retail income standalone building. Stable anchor tenant in place, Dollar General retail, with 40-year lease terms. Investor participation portion is 4.92% ownership. The first period lease capitalization rate is at 8.82% net. Cash investment requirement is $49,200. Retail property is a steel and masonry building constructed in 2016. This is a single occupant building with the rentable area of 9,026 sqft. Building features steel structural framing, exterior walls of concrete block and steel, with central HVAC, fire suppression and alarm system. Building sits on a parcel of 99,752 sqft / 2.29 acres. The site has 30 surface parking spaces. Accessibility is by State Route 115, which is a major arterial. The subject resides on the northern edge of Herscher. This Dollar Tree tenant serves Herscher and greater southwestern Kankakee County. The lease terms are triple net, with no landlord responsibilities. A very nice armchair investment. Contact broker for additional information.
Details for 301 E STATE ROUTE 115
Built in 2016
$5 / Sq Ft
Central Air
132 Days on website
2.29 acres lot
Area Information for 301 E STATE ROUTE 115
