1261 Il-49, Cissna Park, IL 60924
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.