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DOLLAR GENERAL 702 Broadway

10,640 SF Retail Building Centralia, IL 62801 £1,015,339 (£95/SF) 7.75% Net Initial Yield

Investment Highlights

  • The property is located in the heart of Centralia, Illinois along with strong national tenants nearby such as Walmart, Aldi, Ace Hardware, & Big Lots.
  • Absolute NNN lease structure provides zero management responsibility, providing an investor with long-term passive income.
  • Attractive 7.75% return on a stabilized investment grade credit tenant.
  • 2016 build-to-suit construction for Dollar General with ± 7 years remaining on an initial 15-year term.

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
10,640 SF
Building Class
C
Year Built
2015
Price
£1,015,339
Price Per SF
£95
Net Initial Yield
7.75%
NOI
£78,689
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
1.27 AC
Zoning
51
Parking
21 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
355 ft on North Pullen Boulevard

Amenities

  • Signage

Links

1 of 1

PROPERTY TAXES

Parcel Number 15-14-13-252-009 Improvements Assessment £131,810
Land Assessment £37,793 Total Assessment £169,603

PROPERTY TAXES

Parcel Number
15-14-13-252-009
Land Assessment
£37,793
Improvements Assessment
£131,810
Total Assessment
£169,603
(949) 200-7903

  • Listing ID: 32736900

  • Date on Market: 08/08/2024

  • Last Updated:

  • Address: 702 Broadway, Centralia, IL 62801

The Retail Property at 702 Broadway, Centralia, IL 62801 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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DOLLAR GENERAL | 702 Broadway
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DOLLAR GENERAL | 702 Broadway

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Meghan Carroll

(949) 200-7903

(949) 200-7903

Connor Olandt

(949) 432-4504

(949) 432-4504

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