For Sale
$1,908,053.54

1261 Il-49 Cissna Park, IL 60924

10,640 SF NNN Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General convenience store in Cissna Park, Illinois. Located at 1261 IL-49, this freestanding building sits on a 1.5-acre lot and boasts a 15-year Absolute NNN lease with a corporate guarantee, commencing June 2, 2025, and expiring June 1, 2040. The lease includes 5% rent increases every five years, ensuring consistent income growth. The property features a strong 6.5% cap rate, with an average cap rate of 6.83% over the 15-year lease term. The current annual net operating income (NOI) is $124,023. The asking price is $1,908,053.54, translating to a price per square foot of $179.33. Built in 2024, this single-story building is zoned for commercial use. This is a rare opportunity to acquire a high-performing, low-maintenance investment property anchored by a national tenant with a long-term lease. The property is expected to open in early June 2025. This is a passive investment opportunity with significant long-term potential.

Highlights

  • New construction mini-market; 10,640 SF freestanding building
  • Absolute NNN lease, $124,023.48 annual rent
  • New 15-year lease with 5% rent increases every 5 years; opening early June 2025
  • $1,908,053.54 sale price; 6.5% current cap rate, 6.83% average cap rate over 15 years

Property Details for 1261 Il-49

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Cissna Park
County
Iroquois
State
Illinois
Latitude
40.57244045763
Longitude
-87.88910886918

FAQs

What type of property is this?
Retail property - 10,640 SF NNN Convenience Store
Where is the retail property located?
The property is located at 1261 Il-49 Cissna Park, IL.
What is the asking price?
The asking price for this property is $1,908,053.54.
What are key features of this property?
This property features: New construction mini-market; 10,640 SF freestanding building; Absolute NNN lease, $124,023.48 annual rent; New 15-year lease with 5% rent increases every 5 years; opening early June 2025
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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1261 Il-49
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