For Sale
$1,016,320

601 7Th St Wyoming, IL 61491

High-yield, net-leased storefront investment.

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional investment opportunity presents a single-tenant, net-leased Dollar General storefront located at 601 S 7th St, Wyoming, IL 61491. The property boasts 9,014 square feet of net rentable space situated on a 1.15-acre lot, zoned C-1. Built in 2009, this Class B building enjoys a 100% occupancy rate with a credit-rated tenant under a lease commencing December 21, 2009, and expiring November 30, 2029. The current lease has approximately 5 years remaining, with three lease options available. The property generates a strong net operating income (NOI) of $76,234, resulting in an attractive 7.50% cap rate. This strategically located storefront offers excellent visibility and ample parking, making it an ideal investment for discerning buyers seeking a stable, high-return asset. The property's APN is 07-01-109-021. This is a rare opportunity to acquire a well-performing, investment-grade property in a desirable location. The asking price is $1,016,320.

Highlights

  • $1,016,320 asking price for a Dollar General Net Lease property.
  • 7.50% cap rate with a $76,234 NOI.
  • 9,014 square foot storefront on a 1.15-acre lot in Wyoming, IL.
  • Strong tenant (Dollar General) with a credit rating, 100% occupancy, and a lease expiring 11/30/2029 (5 years remaining with 3 lease options).
  • Class B building constructed in 2009, located in a C-1 zoned area.

Property Details for 601 7Th St

Property type
Retail properties, Retail space
Square Feet
9,014 SF
Class
B
Year Built
2009
Lot Size (sq. ft)
50,094 SF

Location Insight

City
Wyoming
County
Stark
State
Illinois
Latitude
41.055046363738
Longitude
-89.773063679995
601 7Th St, Wyoming, Illinois

FAQs

What type of property is this?
Retail property - High-yield, net-leased storefront investment.
Where is the retail property located?
The property is located at 601 7Th St Wyoming, IL.
What is the asking price?
The asking price for this property is $1,016,320.
What are key features of this property?
This property features: $1,016,320 asking price for a Dollar General Net Lease property.; 7.50% cap rate with a $76,234 NOI.; 9,014 square foot storefront on a 1.15-acre lot in Wyoming, IL.
How can I contact the broker?
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601 7Th St
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