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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2083 Keokuk St Hamilton, IL 62341

9,100 SF Built 2010
Property ID
Property summary
AI-generated overview

This exceptional retail investment property, located at 2083 Keokuk Street in Hamilton, Illinois, presents a compelling opportunity for discerning investors. The 9,100 square foot building is currently under an absolute NNN lease, eliminating all landlord responsibilities. The lease boasts a significant remaining term of 6.5 years, with three 5-year options to extend. Each renewal option includes a 10% increase in the rental rate, providing built-in growth potential. The property benefits from a prime location on a main thoroughfare, experiencing an average annual daily traffic count of 4,050 vehicles on US Highway 136. The surrounding demographics are strong, with a three-mile household income averaging $64,000 and a population of 38,700 within a ten-mile radius. Further enhancing the investment's security is the corporate guaranty provided by a BBB investment-grade tenant. This turnkey investment offers a stable income stream with significant long-term upside, making it an ideal addition to any portfolio. The property sits on a 0-acre lot and is classified as retail space. The asking price for this exceptional opportunity is $1,225,000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2010
Total area 9,100 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar General Discount Store
  • Western Union Bank Credit Union
  • Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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