For Sale
$841,375

613 Locust St Marshall, IL 62441

Illinois Retail Investment: 8% Cap Rate

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional retail investment opportunity in Marshall, Illinois, presents a 13,394-square-foot building currently 100% occupied by a Dollar General and Marshall Liquor. The property, built in 2003 and situated on a 0.86-acre lot, offers a compelling net lease investment with a strong corporate guarantee. The lease commenced July 1, 2004, and extends until June 30, 2029, with two five-year renewal options, each including a $300 monthly rent bump. The property generates a substantial net operating income (NOI) of $67,308, resulting in an attractive 8.00% capitalization rate. This single-story building boasts high visibility and ample parking, situated in a thriving area with an average annual household income exceeding $94,000 within a three-mile radius. The property's location at 613 Locust Street, Marshall, IL 62441, places it in a prime retail location, ranking in the 80th percentile of Dollar General stores nationwide. This multi-tenant property offers a secure and profitable investment opportunity with significant upside potential. The asking price is $841,375.

Highlights

  • Dollar General-anchored, two-tenant retail building in Marshall, IL.
  • 13,394 square foot building on a 0.86-acre lot.
  • Prime Marshall location with ample parking and high visibility.
  • High-income area; average annual household income exceeds $94,000 within a three-mile radius.
  • Top-performing location; ranks in the 80th percentile of Dollar General stores nationwide.

Property Details for 613 Locust St

Property type
Retail properties, Retail space
Square Feet
13,394 SF
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
37,462 SF
Units
1

Location Insight

City
Marshall
County
Clark
State
Illinois
Latitude
39.389651
Longitude
-87.6946854
613 Locust St, Marshall, Illinois

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FAQs

What type of property is this?
Retail property - Illinois Retail Investment: 8% Cap Rate
Where is the retail property located?
The property is located at 613 Locust St Marshall, IL.
What is the asking price?
The asking price for this property is $841,375.
What are key features of this property?
This property features: Dollar General-anchored, two-tenant retail building in Marshall, IL.; 13,394 square foot building on a 0.86-acre lot.; Prime Marshall location with ample parking and high visibility.
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?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Daniel Garmo
Daniel Garmo
Steve Sagmani
Steve Sagmani
Visit Broker Website

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Useful Information

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Locust St
Marshall, IL 62441

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Locust St
Marshall, IL 62441

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

613 Locust St
  • Daniel Garmo
    Daniel Garmo
  • Steve Sagmani
    Steve Sagmani
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