Dollar General for Sale in Sandoval, IL
Sandoval, IL
Key Investment Metrics
Price
$515,294
Cap Rate
8.5%
Net Operating Income
$43,800
Building Size
8125 SF
Land Area
0.58 Acres
Remaining Term
0.9 years
Lease Expiration
05/31/2027
Lease Term
23.7 years
Lease Commencement
10/01/2003
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2004
Occupancy
100%
Tenancy
Single
Rent Increases
7.50% in each Option
Property overview
Dollar General in Sandoval
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 8,125 SF
- Land area
- 0.58 acres
- Year built
- 2004
- Lease type
- NN
- Lease expiration
- 05/31/2027
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.