Family Dollar - Net Lease Property for Sale
Tilton, IL
Key Investment Metrics
Price
$829,240
Cap Rate
10.0%
Net Operating Income
$82,924
Building Size
10380 SF
Lot Size
10,380 SF
Land Area
1.53 Acres
Remaining Term
2.2 years
Lease Expiration
09/30/2028
Lease Term
15.7 years
Lease Commencement
02/01/2013
Lease Type
NN+
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1979
Occupancy
100%
Tenancy
Single
Rent Increases
18% in Option 1 and 10% Thereafter
About This Family Dollar Net Lease Property
This Family Dollar NNN (triple net lease) property is located in Tilton, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 10380 square feet of building space and was built in 1979.
With a cap rate of 10.0%, this Family Dollar net lease property offers stable income potential. The asking price is $829,240, making it an attractive option for 1031 exchange investors seeking quality Family Dollar commercial properties.
Why Invest in Family Dollar NNN Properties?
- Stable Income: Family Dollar net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Family Dollar is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Tilton, IL Market Overview
Located in Tilton, IL, this Family Dollar property benefits from strong local demographics and market fundamentals. The Tilton area offers excellent visibility and accessibility, making it an ideal location for Family Dollar operations and a solid investment for net lease property buyers.