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    252 Main St White Hall, IL 62092

    Sponsored
    For Sale
    $1,288,000

    High-yield Illinois convenience store.

    Property size:
    10,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single-tenant, 10,640 square foot Dollar General convenience store located at 252 N Main St, White Hall, IL 62092. Built in 2023 on a 0.78-acre site, the property boasts a strong corporate guarantee from Dollar General Corporation. The current lease, an NNN lease, has a remaining term of approximately 7.9 years, expiring September 30, 2032, and includes three five-year renewal options with 10% rent increases. The property generates a substantial net operating income (NOI) of $92,736 annually, representing a compelling 7.20% cap rate. The asking price is $1,288,000, or $121.05 per square foot. The property was appraised at $1,473,000 in 2022. The lease commenced September 20, 2022, with a monthly rent of $7,731.37. This is a prime retail investment with a secure tenant and significant upside potential. The property is zoned for commercial use and features a single, one-story building. This is a rare opportunity to acquire a high-performing asset in a stable market.

    Property Features for 252 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,640 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • 10,640 SF building on a 0.78‑acre site, built in 2023.
    • $1,473,000 appraised value (2022).
    • Dollar General Corporation is the guarantor.
    • 8‑year lease remaining, expiring 9/30/32; NN Lease.
    • $92,776 annual rent ($7,731.37 monthly), commencing 9/20/2022.
    • Three 5‑year renewal options with 10% rent increases each.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    White Hall
    County
    Greene
    State
    Illinois
    Longitude
    -90.403355328018
    Latitude
    39.439464620866

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    Nearby Similar for Sale

    • $80,000
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      Versatile Historic Building in White Hall

      Spacious commercial building with showroom and office space for sale.
      124 N Main St, White Hall, IL 62092
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    • $1,250,000
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      Freestanding Building with Lease in Place

      10,640 SF NNN property with an existing lease.
      252 N Main St, White Hall, IL 62092
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield Illinois convenience store.
    Where is this individual retail property located?
    The property is located at 252 Main St White Hall, IL.
    What is the asking price?
    The asking price for this property is $1,288,000.
    What are key features of this property?
    This property features: 10,640 SF building on a 0.78-acre site, built in 2023.; $1,473,000 appraised value (2022).; Dollar General Corporation is the guarantor.
    Request Owner's contact information
    252 Main St White Hall, IL 62092
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    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
    252 Main St White Hall, IL 62092
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