902 NEW BALDWIN RD New Athens, IL
NNN Dollar General with zero landlord responsibilities in New Athens.
- Added:
- Aug 21, 2025
- Days on Market:
- 326
- Last Refresh:
- May 20 at 9:31 pm
Property Features for 902 NEW BALDWIN RD
General Information
- Standard status
- Active
- Size
- 9,026 SF
- Lot size
- 1.33 Acres
- Property subtype
- RETAIL
Listing office Matthews Real Estate Investment Services | Phoenix (310) 750-7845
Listing date Aug 21, 2025
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 Matthews Real Estate Investment Services | Phoenix
Investment Insights
Based on property information with market context.
Key Highlights
- Absolute NNN Lease – Zero Landlord Responsibilities
- Corporately guaranteed lease from Dollar General Corporation
- Priced well below replacement cost
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.8k | $15.60 |
| − Vacancy | −$12.0k | −$1.33 |
| EGI | $128.8k | $14.27 |
| − OpEx | −$38.7k | −$4.28 |
| NOI | $90.2k | $9.99 |
