786 Walnut St Jacksonville, IL 62650

Property Details for 786 Walnut St

Year built

2024

Lot size

1.64 lot acres

Property size

10,000 SF

Property type

Drug stores

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a brand-new, 10,000 square foot Dollar Tree located at 786 W Walnut St, Jacksonville, IL 62650. Built in 2024, this property boasts a 10-year net lease (NN+) with a credit-rated, corporate-guaranteed tenant, ensuring consistent cash flow. The lease commenced August 21, 2024, and includes six, five-year options with $5,000 rent bumps. The property sits on a 1.64-acre lot with a concrete parking lot and benefits from a strong location near major traffic generators, including Jacksonville Memorial Hospital, Jacksonville Speedway, Jacksonville High School, and Jacksonville Municipal Airport. The surrounding area features numerous national tenants such as USPS, Buffalo Wild Wings, Sonic, The Home Depot, Arby's, Wendy's, KFC, Walgreens, and CVS. The property enjoys a 7.50% cap rate and a strong NOI of $140,000. With a 5-mile radius population exceeding 22,573 residents and an average household income of $103,075, this investment offers exceptional stability and growth potential. The property also includes a 20-year transferable roof warranty. This is a rare opportunity to acquire a high-quality, net-leased retail property anchored by a credit-worthy, nationally recognized tenant. The asking price is $1,866,667.