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786 W Walnut St

10,000 SF Retail Building Jacksonville, IL 62650 £1,484,784 (£148/SF) 7.50% Net Initial Yield

Investment Highlights

  • Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,0
  • Nearby national tenants include USPS, Buffalo Wild Wings, Sonic, The Home Depot, Arby’s, Wendy’s, KFC, Walgreens, CVS, and many more
  • 10-year NN+ lease with limited landlord responsibilities
  • Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same store sales/profitability
  • Six, 5-year options with rent increases of $5,000 ($.50 PSF)
  • Investment grade credit tenant – S&P rated BBB

Executive Summary

2024 build-to-suit construction for Dollar Tree. 10-year NN+ lease with limited landlord responsibilities. Concrete parking lot. Nearby national tenants include USPS, Buffalo Wild Wings, Sonic, The Home Depot, Arby’s, Wendy’s, KFC, Walgreens, CVS, and many more. 5 mile population in excess of ±22,573 residents. Average household income of $103,075. The subject property comes with a 20-year transferable roof warranty. Six, 5-year options with rent increases of $5,000 ($.50 PSF). The subject property is situated near various traffic generators, such as Jacksonville Memorial Hospital, Jacksonville Speedway, Jacksonville High School, and Jacksonville Municipal Airport. Jacksonville is located 35 miles west of Springfield (the capital of IL).

Attachments

Dollar-Tree-786-W-Walnut-St-OM-PP

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
10,000 SF
Building Class
C
Year Built
2024
Price
£1,484,784
Price Per SF
£148
Net Initial Yield
7.50%
NOI
£111,359
Tenancy
Single
Number of Floors
1
Building FAR
0.46
Lot Size
0.50 AC
Zoning
C - Commercial
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Nearby Major Retailers

WW
U.S. Bank
(214) 692-2927

Contact

  • Listing ID: 33703780

  • Date on Market: 31/10/2024

  • Last Updated:

  • Address: 786 W Walnut St, Jacksonville, IL 62650

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© 2024 CoStar Group

786 W Walnut St
(214) 692-2927 x

786 W Walnut St

Scotty Latimer

(214) 692-2927

(214) 692-2927

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