Property profile

348 Il-121 Bethany, IL 61914

OFF-MARKET
Retail properties & Spaces
7,500 SF Built 2017
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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

Location

348 Il-121 Bethany, IL 61914
Bethany metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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