601 Moreland RdBethalto, IL 62010

Property Details for 601 Moreland Rd

Year built

2024

Lot size

2.00 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 Bethalto, Illinois. Located on a 2-acre lot at 601 South Moreland Rd, 62010, this single-story building boasts a 15-year Absolute NNN lease commencing May 1, 2025, and expiring May 1, 2040. The lease includes a corporate guarantee and features 5% rent increases every five years, ensuring consistent income growth. The current annual net operating income (NOI) stands at $120,837, yielding a 6.50% cap rate based on the asking price of $1,859,038.15. The property's price per square foot is $174.72. Built in 2024, this freestanding structure is zoned for commercial use and represents a secure, passive income stream for investors. The average cap rate over the 15-year lease term is projected at 6.83%. This is a turnkey investment with a strong tenant and a favorable lease structure, making it an attractive addition to any portfolio. The property is currently under construction, with an anticipated opening in early May 2025.

Location Insight

City

Bethalto

County

Madison

State

Illinois

Latitude

38.8992

Longitude

-90.0302

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