215 Chestnut St Wenona, IL 61377

This exceptional investment opportunity features a Family Dollar store located at 215 N Chestnut St, Wenona, IL 61377. The property boasts 8,320 square feet on a 1.84-acre lot, built in 2015. Currently operating under a triple-net (NNN) lease with a corporate guarantee, this single-tenant property offers significant passive income potential. The lease commenced March 12, 2015, and has a remaining term of approximately 4.6 years, expiring June 30, 2029. The current annual net operating income (NOI) is $87,810, representing a 7.50% capitalization rate based on the asking price of $1,170,800 ($140.72 per square foot). The lease includes scheduled rent increases, offering further upside potential. This is a true NNN lease, meaning the tenant is responsible for all property expenses, minimizing landlord responsibilities. The strong creditworthiness of the publicly traded Family Dollar corporation provides significant investment security. The property's location in Wenona, Illinois, offers a stable market for this type of retail establishment. This is an ideal investment for those seeking a low-maintenance, high-return, passive income stream with a strong, creditworthy tenant.