Family Dollar for Sale in Madison, IL
Madison, IL
Key Investment Metrics
Price
$1,552,940
Cap Rate
8.5%
Net Operating Income
$132,000
Building Size
9180 SF
Land Area
1.86 Acres
Remaining Term
5.7 years
Lease Expiration
03/31/2032
Lease Term
15.3 years
Lease Commencement
11/30/2016
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2017
Tenancy
Single
Rent Increases
10% Per Option
AI illustration · Not the listed propertyProperty overview
Family Dollar in Madison
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,180 SF
- Land area
- 1.86 acres
- Year built
- 2017
- Lease type
- Absolute NNN
- Lease expiration
- 03/31/2032
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.