NNN Dollar Tree Hybrid
For Sale
Contact for pricing
915 N Walnut St, Mount Carmel, IL 62863
Corporate-guaranteed lease supports a retrofitted hybrid discount-store format.
Property Size20,000 SF
Days on Market141
Property Features for 915 N Walnut St
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Retail
Net Operating Income
$110,000
Additional Details
Cap Rate
7.3%
Building Details
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 11:12AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
The property contains a 20,000 SF retrofitted hybrid store combining Dollar Tree and Family Dollar operations. It is subject to a 10-year double net lease, with four 5-year renewal options and limited landlord responsibilities. The lease is corporately guaranteed by Dollar Tree Corporation, which carries a BBB investment-grade credit rating.
Located at 915 N Walnut St in Mount Carmel, Illinois, the store sits near the 9th St and Walnut St intersection. The surrounding five-mile population is 8,779, while average household income within three miles is $63,045. The offering reflects a 7.30% cap rate.
Located at 915 N Walnut St in Mount Carmel, Illinois, the store sits near the 9th St and Walnut St intersection. The surrounding five-mile population is 8,779, while average household income within three miles is $63,045. The offering reflects a 7.30% cap rate.
Key Highlights
- 20,000 SF retrofitted Dollar Tree and Family Dollar hybrid store
- 10‑year double net lease with four 5‑year renewal options
- Corporate lease guarantee from Dollar Tree Corporation
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 43%
Electronics 1%
Home Improvements & Furnishings 1%
McDonald's
Dining
13,323 visits/mo
0.3 miles
Casey's General Store
Shops & Services
10,668 visits/mo
0.1 miles
Burger King
Dining
8,286 visits/mo
0.2 miles
Dollar Tree
Shops & Services
7,091 visits/mo
0.1 miles
Scooter's Coffee
Dining
6,646 visits/mo
0.3 miles
Demographics for 62863, IL
9,607
Population
4,608
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
93%
High-School Grad
147.3 sq mi
ZIP Area
65
Density / Sq Mi
$52,073
Median Household Income
$38,882
Median Earnings
$772
Median Rent
$104,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed lease supports a retrofitted hybrid discount-store format.
Where is this nnn property located?
The property is located at 915 N Walnut St Mount Carmel, IL.
What are key features of this property?
This property features: 20,000 SF retrofitted Dollar Tree and Family Dollar hybrid store; 10‑year double net lease with four 5‑year renewal options; Corporate lease guarantee from Dollar Tree Corporation
