601 Outerbelt DrClayton, IL 62324

Property Details for 601 Outerbelt Dr

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 store located at 601 E. Outerbelt Dr, Clayton, IL 62324. The property sits on a two-acre lot and boasts a 15-year absolute NNN lease with a corporate guarantee, ensuring consistent cash flow. The lease commenced June 1st, 2024, and includes a favorable 5% rent increase every five years, providing built-in growth potential. The current annual net operating income (NOI) stands at $101,206, yielding a 6.70% cap rate based on the asking price of $1,510,547. A recent appraisal valued the property at $1,670,000 on March 9th, 2024. The single-story building was constructed in 2024 and is zoned for commercial use. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant long-term upside. The property's location in Adams County, Illinois, offers excellent visibility and accessibility. This is an absolute NNN lease, meaning the tenant is responsible for all property expenses, minimizing landlord responsibilities. The price per square foot is $141.97. This investment is ideal for those seeking a secure, passive income stream with substantial appreciation potential.

Location Insight

City

Clayton

County

Adams

State

Illinois

Latitude

40.0238

Longitude

-90.952

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