Property profile

1261 Il-49 Cissna Park, IL 60924

OFF-MARKET
Retail properties & Spaces
10,640 SF 1.5 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General convenience store in Cissna Park, Illinois. Located at 1261 IL-49, this freestanding building sits on a 1.5-acre lot and boasts a 15-year Absolute NNN lease with a corporate guarantee, commencing June 2, 2025, and expiring June 1, 2040. The lease includes 5% rent increases every five years, ensuring consistent income growth. The property features a strong 6.5% cap rate, with an average cap rate of 6.83% over the 15-year lease term. The current annual net operating income (NOI) is $124,023. The asking price is $1,908,053.54, translating to a price per square foot of $179.33. Built in 2024, this single-story building is zoned for commercial use. This is a rare opportunity to acquire a high-performing, low-maintenance investment property anchored by a national tenant with a long-term lease. The property is expected to open in early June 2025. This is a passive investment opportunity with significant long-term potential.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 10,640 SF
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1261 Il-49 Cissna Park, IL 60924
Cissna Park metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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