601 Outerbelt Dr Clayton, IL 62324
High-Yield Retail Investment Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
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
Nearby Comparable
Nearby Similar for Sale
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.
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