DOLLAR GENERAL INVESTMENT NEW 10 YEAR LEASE | 1204 N Market St
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DOLLAR GENERAL INVESTMENT NEW 10 YEAR LEASE 1204 N Market St
9,233 SF Retail Building Champaign, IL 61820 £1,104,600 (£120/SF) 7.50% Net Initial Yield
Executive Summary
Property Description
Introducing an exceptional investment opportunity in Champaign! Nestled at 1204 N Market St, this prime retail location boasts a brand new Dollar General store, offering a solid and reliable income stream with a recently signed 10-year lease generating $105,000 annually, coupled with two additional options. With its strategic placement on a corner lot, this property offers unparalleled visibility, ensuring maximum exposure for your investment. Ample on-site parking (newly resurfaced) further enhances convenience for both customers and tenants alike, In addition, the investment opportunity benefits from its proximity to a newly opened Home Depot, further solidifying its appeal within the retail landscape. Situated near a large retail and shopping hub boasting prominent names such as Costco, Best Buy, and Target this location offers a synergistic environment for businesses to thrive.
Introducing an exceptional investment opportunity in Champaign! Nestled at 1204 N Market St, this prime retail location boasts a brand new Dollar General store, offering a solid and reliable income stream with a recently signed 10-year lease generating $105,000 annually, coupled with two additional options. With its strategic placement on a corner lot, this property offers unparalleled visibility, ensuring maximum exposure for your investment. Ample on-site parking (newly resurfaced) further enhances convenience for both customers and tenants alike, In addition, the investment opportunity benefits from its proximity to a newly opened Home Depot, further solidifying its appeal within the retail landscape. Situated near a large retail and shopping hub boasting prominent names such as Costco, Best Buy, and Target this location offers a synergistic environment for businesses to thrive.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,233 SF
Building Class
C
Year Built
1990
Price
£1,104,600
Price Per SF
£120
Net Initial Yield
7.50%
NOI
£82,845
Tenancy
Single
Number of Floors
1
Building FAR
0.28
Land Acres
0.76 AC
Zoning
CN - Commercial Neighborhood
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 46-21-06-354-020 | Improvements Assessment | £18,028 |
| Land Assessment | £58,864 | Total Assessment | £76,892 |
PROPERTY TAXES
Parcel Number
46-21-06-354-020
Land Assessment
£58,864
Improvements Assessment
£18,028
Total Assessment
£76,892
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DOLLAR GENERAL INVESTMENT NEW 10 YEAR LEASE | 1204 N Market St
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