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    OFF-MARKET
    Retail properties & Spaces

    348 Il-121, Bethany, IL 61914

    7,500 SF Built 2017
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a modern, 7,500-square-foot Dollar General store located at 348 IL-121 in Bethany, Illinois, 61914. Built in 2017, this single-tenant property boasts a contemporary design and offers a strong 6.49% cap rate with a Net Net Net (NNN) lease. The property features a spacious interior layout, ample parking for both employees and customers, and benefits from high visibility along State Highway 121. Currently 100% occupied by Dollar General under a lease with 10 years remaining (commencing October 5, 2018), this investment provides immediate and substantial returns. The building incorporates energy-efficient features, minimizing operating costs and maximizing long-term value. The property's strategic location in central Illinois ensures excellent accessibility and strong market presence. With a Net Operating Income (NOI) of $81,134 and an asking price of $1,250,000, this represents a compelling opportunity for investors seeking a stable, high-performing retail asset. The price per square foot is $166.67. This well-maintained property offers a rare combination of strong tenant occupancy, attractive financial metrics, and a desirable location, making it an ideal addition to any investment portfolio.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2017
    Total area 7,500 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
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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