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601 East Outerbelt Dr. (Hwy. 24) 601 E Outerbelt Dr

10,640 SF Retail Building Clayton, IL 62324 £1,181,928 (£111/SF) 6.70% Net Initial Yield

Investment Highlights

  • New Construction
  • Absolute NNN
  • Dollar General Corp.

Executive Summary

Building Area: 10,640 SF
Site: 2 AC
Year Built: 2024
Guarantor: Dollar General Corporation
Price (PSF): $141.97
Remaining Lease Term: 15 Year
Lease Type: Absolute NNN
Options: Three, (5) Year Options
Rent Commencement: NOW OPEN
5% Rent Increases Every 5 Years:
Yrs. 1-5 Monthly Rent: $8,433.89
Yrs. 6-10 Monthly Rent: $8,855.58
Yrs. 11-15 Monthly Rent: $9,298.36
Option 1 - $9,763.33
Option 2 - $9,763.33
Option 3 - $10,764.02
NOI: $ 101,206.68

Attachments

Clayton, IL DG 110124

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
£1,181,928
Price Per SF
£111
Net Initial Yield
6.70%
NOI
£79,189
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
2.00 AC
Zoning
Commercial

Amenities

  • Corner Lot
  • Freeway Visibility
  • Signage
  • Monument Signage
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PROPERTY TAXES

Parcel Number 01-0-0399-002-00 Improvements Assessment £391
Land Assessment £8,967 Total Assessment £9,358

PROPERTY TAXES

Parcel Number
01-0-0399-002-00
Land Assessment
£8,967
Improvements Assessment
£391
Total Assessment
£9,358
(636) 970-0330

Contact

  • Listing ID: 30169036

  • Date on Market: 27/11/2023

  • Last Updated:

  • Address: 601 E Outerbelt Dr, Clayton, IL 62324

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© 2024 CoStar Group

601 East Outerbelt Dr. (Hwy. 24) | 601 E Outerbelt Dr
(636) 970-0330 x

601 East Outerbelt Dr. (Hwy. 24) | 601 E Outerbelt Dr

Bob Cissell

(636) 970-0330

(636) 970-0330

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