NOTE: Seller has received multiple offers. The seller is requesting potential buyers to submit their highest and best offer, in all cash, no later than May 10, 2024 by 12:00pm. Major price reduction for investor equity buy-in of Dollar Tree retail standalone building. Tenant has a 25-year modified gross lease, with the first period ending in January 2028, then four consecutive five year options with rent escalations. Investor participation portion is at 18.93% of ownership, with the first period lease term at a capitalization rate of 15.1%. Cash investment requirement is $101,560. This retail building is of steel and masonry construction, built in 2017, with a rentable area of 9,000 sqft. Building features steel structural framing, exterior walls of concrete block and steel, with central HVAC, fire suppression and alarm system. Building sits on a parcel of 1.66 acres, with 48 surface parking spaces. Accessibility is by US Route 67, which is a major arterial. This Dollar Tree retail resides on the southern most portion of Jerseyville, off a major access road of US Route 67. The City of Jerseyville, has a population approaching 8,000 residents, with a median household income of $63,200. Jerseyville is located in Jersey County IL, 50 miles north of St. Louis
11962014
Commercial - Retail, Business Opportunities, 1 Story
2017
Jersey
1.65
Acres
1
Block,Metal
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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