Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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