Dollar General for Sale in Carrier Mills, IL
Carrier Mills, IL
Key Investment Metrics
Price
$690,909
Cap Rate
8.3%
Net Operating Income
$57,000
Building Size
9000 SF
Land Area
1.65 Acres
Remaining Term
2 years
Lease Expiration
07/31/2028
Lease Term
12.6 years
Lease Commencement
01/04/2016
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
1976
Tenancy
Single
Rent Increases
5.2%
Property overview
Dollar General in Carrier Mills
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,000 SF
- Land area
- 1.65 acres
- Year built
- 1976
- Lease type
- NN
- Lease expiration
- 07/31/2028
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.