Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    709 Court St Grayville, IL 62844

    Sponsored
    For Sale
    $941,647

    High-Yield Net Lease in Illinois

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 12,000 square foot retail property in Grayville, Illinois, currently leased to a Dollar Tree and Family Dollar hybrid store under a 10-year absolute NNN lease commencing September 1, 2023, and expiring September 1, 2033. The lease includes five 5-year renewal options, each with a 10% rent increase. The property boasts a strong 8.50% cap rate based on a net operating income (NOI) of $80,040, and an asking price of $941,647, translating to $78.47 per square foot. The tenant, Dollar Tree Corporation, holds an investment-grade credit rating of "BBB," providing financial stability and security for the investor. Located at 709 North Ct, Grayville, IL 62844, the property benefits from a high-traffic location on North Court, the busiest road in Grayville. The surrounding area demonstrates strong demographics, with a five-mile population of 2,355 and a three-mile average household income of $68,644, exceeding typical figures for similar retail establishments. This property offers a compelling combination of a secure lease, strong tenant, favorable location, and attractive financial returns, making it an ideal addition to any investment portfolio. The property is fee simple ownership.

    Property Features for 709 Court St

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,000 SF

    HighLights

    • Dual‑tenant retail building with a new lease structure.
    • Brand new combo stores showing a 20% revenue increase.
    • High‑traffic location on Jackson Highway.
    • 10‑year net‑net lease with four 5‑year options and minimal landlord responsibilities; $0.50 annual rent increase.
    • Investment‑grade tenant (S&P rating: BBB).
    • Three‑mile average household income: $68,644.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grayville
    County
    Edwards
    State
    Illinois
    Longitude
    -87.9957107
    Latitude
    38.2636942

    Nearby Comparable

    • $95,000
      5,600 SF

      Grayville Restaurant & Apartment

      Turnkey Restaurant, Huge Potential
      117 Main St, Grayville, IL 62844
      View Details
    • $95,000
      5,600 SF

      Grayville Commercial Building with Restaurant

      Well-established restaurant with apartment and expansion potential in downtown Grayville.
      117 North Main St, Grayville, IL 62844
      View Details
    • $72,000

      Grayville Commercial Buildings and Equipment

      Two buildings with equipment, suitable for storage or restaurant use.
      416 E North St, Grayville, IL 62844
      View Details
    • $260,000
      6.71 Acres

      Grayville Commercial Lot with Building

      6.7 acre commercial lot with frontage to Illinois Highway One.
      1309 N Court St, Grayville, IL 62844
      View Details
    • $690,000
      98.30 Acres

      Edwards County Farmland Opportunity

      98.3 acres of farmland in Edwards County, Illinois.
      Cr 350 N, Grayville, IL 62844
      View Details
    • $300,000
      79.06 Acres

      Versatile Recreational Land Near Wabash River

      79.06 acres of wooded land, ideal for hunting.
      1850 S Rd W, Griffin, IN 47616
      View Details
    • $300,000
      7.50 Acres

      Commercial Grain Facility on 7.5 Acres

      Grain facility with office, storage, and scale house on 7.5 acres.
      315 Front St, Browns, IL 62818
      View Details
    • $225,000
      1,550 SF

      Crossville Farmhouse with Equestrian Amenities

      10-acre country retreat featuring barns, workshop, and modern comforts.
      1972 Cr 1985 North, Crossville, IL 62827
      View Details
    • $185,000

      Crossville Hardware Store & Land

      Established Business, Prime Location
      200 Main St, Crossville, IL 62827
      View Details
    • $60,000
      0.26 Acres

      Crossville Self-Storage Facility For Sale

      Well-maintained 20-unit self-storage facility with highway frontage in Crossville, IL.
      101 Fifth St, Crossville, IL 62827
      View Details
    • $499,900
      8.22 Acres

      Established Greenhouse Business in IL

      Profitable Nursery & Greenhouse on 8 Acres
      5671 Hwy 8 Mt, Mount Carmel, IL 62863
      View Details
    • $425,000
      8.22 Acres

      Established Nursery and Greenhouse Opportunity

      Commercial property with greenhouses, sales building, and business-related items.
      5671 Highway 8, Keensburg, IL 62863
      View Details

    Nearby Similar for Sale

    • $95,000
      5,600 SF

      Grayville Commercial Building with Restaurant

      Well-established restaurant with apartment and expansion potential in downtown Grayville.
      117 North Main St, Grayville, IL 62844
      View Details
    • $72,000

      Grayville Commercial Buildings and Equipment

      Two buildings with equipment, suitable for storage or restaurant use.
      416 E North St, Grayville, IL 62844
      View Details
    • $95,000
      5,600 SF

      Grayville Restaurant & Apartment

      Turnkey Restaurant, Huge Potential
      117 Main St, Grayville, IL 62844
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-Yield Net Lease in Illinois
    Where is this individual retail property located?
    The property is located at 709 Court St Grayville, IL.
    What is the asking price?
    The asking price for this property is $941,647.
    What are key features of this property?
    This property features: Dual-tenant retail building with a new lease structure.; Brand new combo stores showing a 20% revenue increase.; High-traffic location on Jackson Highway.
    Request Owner's contact information
    709 Court St Grayville, IL 62844
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    709 Court St
    Grayville, IL 62844
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    709 Court St Grayville, IL 62844
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.