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7505 Hancock Dr
Wonder Lake, IL 60097

Dollar Tree · Retail Property For Sale

Investment Highlights

  • Grade Tenant – Dollar Tree (NASDAQ: DLTR) is an investment grade tenant based on a BBB rating by S&P.
  • Complete Interior Remodel in 2023
  • Perfect for 1031 exchange at a price of $1,343,888 and a very favorable cap rate of 7.55%.
  • Net Leased Property – Minimal landlord responsibilities!!
  • Long Term Corporate Lease – 10-year lease with 4 (5 year) option periods. Approx. $0.50 PSF rental increases in primary term and in each of the four o
  • Extra large lot of over 2 acres !!!

PROPERTY FACTS

Property Type
Retail
Property Subtype
Retail
Building Size
12,320 SF
Building Class
C
Year Built
2023
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
2.45 AC
Zoning
Commercial
Parking
57 Spaces (4.63 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-18-201-012
Land Assessment
£13,952
Improvements Assessment
£191,985
Total Assessment
£205,937
  • Listing ID: 31625074

  • Date on Market: 26/04/2024

  • Last Updated:

  • Address: 7505 Hancock Dr, Wonder Lake, IL 60097

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