For Sale
$2,028,053

998 Ann Rutledge Dr Williamsville, IL 62693

Illinois Retail Property: Strong NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 10,640 square foot Dollar General convenience store located at 998 Ann Rutledge Dr, Williamsville, IL 62693. The property sits on a 1.5-acre lot and boasts a newly renovated building (2024) with a single-story design. The property is zoned commercial and features a 15-year Absolute NNN lease with a corporate guarantee from Dollar General Corporation, commencing May 5, 2025, and expiring May 4, 2040. The lease includes three 5-year renewal options and features 5% rent increases every five years. The current Net Operating Income (NOI) stands at $131,823, yielding a 6.50% cap rate. The asking price is $2,028,053, translating to $190.61 per square foot. This is a low-risk, high-return investment with a strong tenant and long-term lease. The property's location in Williamsville, Sangamon County, Illinois, offers excellent visibility and accessibility. This is a turnkey investment opportunity with significant upside potential.

Highlights

  • $2,028,053 asking price for this 10,640 SF retail property.
  • Absolute NNN lease with corporate guarantee from Dollar General.
  • 15-year lease term commencing May 5, 2025, with three 5-year options.
  • 6.50% cap rate, $131,823 NOI.
  • Located on a 1.5-acre lot in Williamsville, IL, with a 2024 building renovation.

Property Details for 998 Ann Rutledge Dr

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

Location Insight

City
Williamsville
County
Sangamon
State
Illinois
Latitude
39.961723162578
Longitude
-89.560388219122

FAQs

What type of property is this?
Retail property - Illinois Retail Property: Strong NNN Lease
Where is the retail property located?
The property is located at 998 Ann Rutledge Dr Williamsville, IL.
What is the asking price?
The asking price for this property is $2,028,053.
What are key features of this property?
This property features: $2,028,053 asking price for this 10,640 SF retail property.; Absolute NNN lease with corporate guarantee from Dollar General.; 15-year lease term commencing May 5, 2025, with three 5-year options.
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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998 Ann Rutledge Dr
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