For Sale
$1,510,547

601 Outerbelt Dr Clayton, IL 62324

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store located at 601 E. Outerbelt Dr, Clayton, IL 62324. The property sits on a two-acre lot and boasts a 15-year absolute NNN lease with a corporate guarantee, ensuring consistent cash flow. The lease commenced June 1st, 2024, and includes a favorable 5% rent increase every five years, providing built-in growth potential. The current annual net operating income (NOI) stands at $101,206, yielding a 6.70% cap rate based on the asking price of $1,510,547. A recent appraisal valued the property at $1,670,000 on March 9th, 2024. The single-story building was constructed in 2024 and is zoned for commercial use. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant long-term upside. The property's location in Adams County, Illinois, offers excellent visibility and accessibility. This is an absolute NNN lease, meaning the tenant is responsible for all property expenses, minimizing landlord responsibilities. The price per square foot is $141.97. This investment is ideal for those seeking a secure, passive income stream with substantial appreciation potential.

Highlights

  • New 10,640 SF Dollar General Store on a 2-acre lot in Clayton, IL.
  • Absolute NNN lease with corporate guarantee; $101,206 annual rent.
  • 15-year lease with 5% rent increases every five years.
  • Recently appraised at $1,670,000 (March 9, 2024); asking price $1,510,547 (6.70% cap rate).
  • Lease commenced June 1, 2024.

Property Details for 601 Outerbelt Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Clayton
County
Adams
State
Illinois
Latitude
40.023827
Longitude
-90.951972

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment Opportunity
Where is the retail property located?
The property is located at 601 Outerbelt Dr Clayton, IL.
What is the asking price?
The asking price for this property is $1,510,547.
What are key features of this property?
This property features: New 10,640 SF Dollar General Store on a 2-acre lot in Clayton, IL.; Absolute NNN lease with corporate guarantee; $101,206 annual rent.; 15-year lease with 5% rent increases every five years.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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601 Outerbelt Dr
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