$5.45 Per Sq Foot $264 est/mo Sourced by Back At You

301 E Route 115,Herscher, IL 60941

Herscher IL, 60941

Share with a friend

Description

Investor equity buy-in for retail income standalone building. Stable anchor tenant in place, Dollar General retail, with 40-year lease terms. Investor participation portion is 4.92% ownership. The first period lease capitalization rate is at 8.82% net. Cash investment requirement is $49,200. Retail property is a steel and masonry building constructed in 2016. This is a single occupant building with the rentable area of 9,026 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 99,752 sqft / 2.29 acres. The site has 30 surface parking spaces. Accessibility is by State Route 115, which is a major arterial. The subject resides on the northern edge of Herscher. This Dollar Tree tenant serves Herscher and greater southwestern Kankakee County. The lease terms are triple net, with no landlord responsibilities. A very nice armchair investment. Contact broker for additional information.

Details

MLS#11960473
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year2016
Days On Site128
Listing Provided ByL & B All Star Realty Advisors LLC | Ira Lauter

Features

SQ Feet9,026
Story(s)1
Units1
ZoningCOMMR

Market Activity 60941

The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MRED. All Rights Reserved.

Request a showing

Request a showing

Loading Form
Listings Checked: 8 minutes ago
StateIL
CountyKankakee
CityHerscher
Zip Code60941
AreaHerscher
Listing VS Median (in 60941)
Price:
$49,200
low | high
Med:
$227,162
100% of Average
SqFt:
9,026
low | high
Med:
1,992
100% of Average
$ / SqFt:
$5
low | high
Med:
$114
100% of Average
On Site:
128
low | high
Med:
31.000000
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $0 - $0
SqFt: 6,500 - 11,000
Listing Updated: May 1, 2024 at 7:34:44 PM PDT