Freestanding Retail Property in Madison, IL

715 McCambridge Ave, Madison, IL

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For Sale

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Single tenant Family Dollar on hard corner in St. Louis MSA.

Type:RETAIL

Property size:

9,180 SF

Lot size:

1.82 Acres

Price / SF:

$186/SF

HighLights

Rare absolute NNN lease structure with 0 landlord responsibilities
Single tenant freestanding Family Dollar
Located in St. Louis, MO MSA, a Top 25 MSA in the U.S.A.
Strong demographics: over 24,000 people within 3 miles, over 100,000 within 5 miles
High traffic counts: over 15,500 vehicles pass the site daily
Essential retailer - internet, pandemic, and recession resistant tenant

We can help!

Listing Contact

Dominic Shamany

For Sale

Contact for pricing

Single tenant Family Dollar on hard corner in St. Louis MSA.

Type:RETAIL

Property size:

9,180 SF

Lot size:

1.82 Acres

Price / SF:

$186/SF

Added:: Sep 27, 2024
Days on Market:: 634
Last Refresh:: May 20 at 9:22 pm

Property Features for 715 McCambridge Ave

General Information

Standard status: Active
Size: 9,180 SF
Lot size: 1.82 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Dominic Shamany

Listing agent Dominic Shamany License ##6506047766

Listing office Legacy Real Estate Advisors

Listing date Sep 27, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Legacy Real Estate Advisors

HighLights

Rare absolute NNN lease structure with 0 landlord responsibilities
Single tenant freestanding Family Dollar
Located in St. Louis, MO MSA, a Top 25 MSA in the U.S.A.
Strong demographics: over 24,000 people within 3 miles, over 100,000 within 5 miles
High traffic counts: over 15,500 vehicles pass the site daily
Essential retailer - internet, pandemic, and recession resistant tenant

Overview

This is a single tenant freestanding Family Dollar retail property located in Madison, Illinois, positioned on a hard corner. The property benefits from its location within the St. Louis, MO Metropolitan Statistical Area (MSA), ranked among the top 25 MSAs in the U.S. The lease structure is absolute NNN, assigning zero landlord responsibilities. The surrounding area has a strong population density, with over 24,000 residents within a 3-mile radius and over 100,000 residents within a 5-mile radius. As an essential retailer, the tenant is resistant to internet commerce, pandemics, and economic recessions. The location experiences high traffic counts, with over 15,500 vehicles passing the site daily on McCambridge Avenue. Population growth is projected at +2.30% through 2029 within a 1-mile radius. The property is located 15 miles from St Louis Lambert International Airport, a 24-minute drive.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$165.2k	$18.00
− Vacancy	−$4.3k	−$0.47
EGI	$160.9k	$17.53
− OpEx	−$48.3k	−$5.26
NOI	$112.7k	$12.27

9,180 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,661 @ 7.0% cap · market cap 6.57%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.50M

$2.19M – $2.92M (±1% cap)

NOI $175,154 @ 7.0% cap · market cap 10.22%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Madison
County: Madison
State: Illinois
Longitude: -90.1483
Latitude: 38.6824

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Freestanding Absolute NNN Retail Store

Single-tenant freestanding Family Dollar investment offering an Absolute NNN structure with zero landlord responsibility.

715 Mccambridge Ave, Madison, IL 62060

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For sale
Storefront properties
IL
Madison
715 McCambridge Ave

What type of property is this?

Storefront property - Single tenant Family Dollar on hard corner in St. Louis MSA.

Where is this storefront property located?

The property is located at 715 McCambridge Ave Madison, IL.

What is the asking price?

The asking price for this property is $1,714,285.

What are key features of this property?

This property features: Rare absolute NNN lease structure with 0 landlord responsibilities; Single tenant freestanding Family Dollar; Located in St. Louis, MO MSA, a Top 25 MSA in the U.S.A.

715 McCambridge Ave, Madison, IL

Single tenant Family Dollar on hard corner in St. Louis MSA.

Property Features for 715 McCambridge Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Commercial Building in High-Traffic Location

Mixed-Use Property with Income Potential

A-Frame Multi-Unit Property

Freestanding Absolute NNN Retail Store

High-Visibility Commercial Building For Sale

Three-Unit Property with Rehabbed Units

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