2083 Keokuk St Hamilton, IL 62341
- Retail properties
- 9,100 SF
Current Use by Public Records
- Dollar General / Convenience Store / Drug Store
- Western Union / Money Transfer Service
- Redbox / Movie Rental Kiosk / Dvd Store
Property Details for 2083 Keokuk St
- Year built
- 2010
- Property size
- 9,100 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hamilton
- County
- Hancock
- State
- Illinois
- Longitude
- -91.3255
- Latitude
- 40.3967
