New Family Dollar | Dollar
1099 Cole St, Bushnell, IL 61422
Freestanding Family Dollar | Dollar Tree in Bushnell, Illinois.
Type:Retail
Property size:
10,500 SFPrice / SF:
$123/SF- Added:
- Jul 22, 2024
- Days on Market:
- 669
- Last Refresh:
- May 12 at 9:58 pm
Property Features for 1099 Cole St
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agent Kyle Carson License #MI 6501384480
Listing office Fortis Net Lease
Listing date Jul 22, 2024
Source Crexi
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
HighLights
- New 10,500 SF freestanding Family Dollar | Dollar Tree dual concept store, opened June 2023.
- Corporate guarantee by Dollar Tree (credit rating “BBB-”, Investment Grade).
- Double Net (NN) Lease with minimal landlord responsibilities.
- Four (5 year) options to renew with $0.50 PSF rental rate increase each.
- Strategically located on a corner lot with high visibility (2,686 cars per day).
- 9.50% cap rate based on NOI of $123,375.
Overview
This 10,500 SF freestanding Family Dollar | Dollar Tree dual concept store is located in Bushnell, Illinois. The property is subject to a Double Net (NN) Lease, with minimal landlord responsibilities. The lease includes 4 options to renew, each for 5 years, with a $0.50 PSF rental rate increase. The lease is corporately guaranteed by Dollar Tree, which holds an investment grade credit rating of “BBB-”. Constructed and opened in June 2023, the Family Dollar | Dollar Tree store is positioned on the corner of Cole Street and Smith Street, with a traffic count of 2,686 cars per day. It is located across the street from a new Dollar General Market store on the main thoroughfare. The surrounding area within a ten mile radius has a population of 7,090, and the average household income within a three mile radius is $55,315 per year. This property is suited for a 1031 exchange buyer or a passive investor seeking fee simple ownership. The location offers continued success due to the financial strength and profitability of the tenant. Bushnell is located in McDonough County, approximately 45 miles south of Galesburg and 50 miles north of Quincy, covering an area of about 2.5 square miles. The surrounding landscape includes rolling hills and farmlands. Downtown Bushnell features local shops, restaurants, and historic buildings.
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Similar Places Nearby
- Bushnell Market — 1001 Cole St, Bushnell, IL 61422
Location Insight
- Map
- Local Demand
- City
- Bushnell
- County
- McDonough
- State
- Illinois
- Longitude
- -90.4992068
- Latitude
- 40.5561441
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Freestanding Family Dollar | Dollar Tree in Bushnell, Illinois.
Where is this grocery and convenience store located?
The property is located at 1099 Cole St Bushnell, IL.
What is the asking price?
The asking price for this property is $1,298,684.
What are key features of this property?
This property features: New 10,500 SF freestanding Family Dollar | Dollar Tree dual concept store, opened June 2023.; Corporate guarantee by Dollar Tree (credit rating “BBB-”, Investment Grade).; Double Net (NN) Lease with minimal landlord responsibilities.
