$11.28 Per Sq Foot $545 est/mo Sourced by Back At You

1401 Windy Lane,Jerseyville, IL 62052

Jerseyville IL, 62052

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Description

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

Details

MLS#11962014
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year2017
Days On Site136
Listing Provided ByL & B All Star Realty Advisors LLC | Ira Lauter

Features

SQ Feet9,000
Story(s)1
Units1
ZoningCOMMR
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Listings Checked: 3 minutes ago
StateIL
CountyJersey
CityJerseyville
Zip Code62052
AreaJerseyville
Listing VS Median (in 62052)
Price:
$101,560
low | high
Med:
$101,560
50% of Average
SqFt:
9,000
low | high
Med:
9,000
50% of Average
$ / SqFt:
$11
low | high
Med:
$11
50% of Average
On Site:
136
low | high
Med:
136.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 10:50:07 PM PDT