Dollar Tree for Sale in Springfield, IL
Springfield, IL
Key Investment Metrics
Price
$1,000,000
Cap Rate
8.3%
Net Operating Income
$82,500
Building Size
11000 SF
Land Area
0.93 Acres
Remaining Term
7.5 years
Lease Expiration
01/31/2034
Lease Term
16.7 years
Lease Commencement
05/17/2017
Lease Type
NN+
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
$5,500 ($0.50/PSF) In Options
AI illustration · Not the listed propertyProperty overview
Dollar Tree in Springfield
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 11,000 SF
- Land area
- 0.93 acres
- Lease type
- NN+
- Lease expiration
- 01/31/2034
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.