1261 Il-49Cissna Park, IL 60924
- Retail properties
- 10,640 SF
Property Details for 1261 Il-49
- Year built
- 2024
- Lot size
- 1.50 AC
- Property size (Sq ft)
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Location Insight
- City
- Cissna Park
- County
- Iroquois
- State
- Illinois
- Latitude
- 40.5724
- Longitude
- -87.8891
Comparable in this City
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