1217 Us-45Eldorado, IL 62930

Property Details for 1217 Us-45

Lot size

2.19 AC

Property size (Sq ft)

12,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fee-simple, single-story retail building in Eldorado, Illinois, totaling approximately 12,000 square feet on a 2.19-acre lot (APN: 04-1-166-05). The property is 100% occupied by Dollar General, a national brand with a long-standing presence at this location, having occupied the space since May 1994. The current lease, commencing May 1, 2023, and expiring April 30, 2028, offers a remaining term of approximately 3.4 years. The lease includes a five-year renewal option with a 13.3% rent increase. The current annual net operating income (NOI) is $25,113, resulting in a compelling 10.69% capitalization rate. The asking price is $235,000, translating to a price per square foot of $19.58 based on the 10,500 square feet of net rentable space. Approximately 1,500 square feet of additional space is currently vacant and presents potential for additional income. The property is classified as Class C and is a net lease investment. This offering represents a rare opportunity to acquire a Dollar General property at a significantly below-replacement-cost price. The property's long-term occupancy history and the strong financial performance make it an attractive addition to any investment portfolio.

Location Insight

City

Eldorado

County

Saline

State

Illinois

Latitude

37.8063

Longitude

-88.4434

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