1101 University Ave Henry, IL 61537

This exceptional investment opportunity features a 10,500 square foot, single-tenant, free-standing Dollar Tree and Family Dollar store located at 1101 University Ave, Henry, IL 61537. The property boasts a 10-year net lease (NN) with four 5-year renewal options, each including a $0.50 per square foot rent increase. The lease commenced March 15, 2024, and expires March 31, 2034, leaving a substantial remaining lease term of approximately 9.4 years. The tenant, Dollar Tree, is investment grade, providing significant financial security. The property sits on a one-acre lot in a high-traffic location, with 4,834 cars passing daily, and benefits from excellent visibility and accessibility with two points of ingress/egress. The building, constructed in 2024, is a single-story structure with commercial zoning. The asking price is $1,611,783, representing a 7.85% cap rate based on a net operating income (NOI) of $126,525. The property's strategic location across from a Casey's gas station and a high school, combined with a strong average household income of $61,381 within a three-mile radius and a ten-mile population of 10,721, makes this a compelling investment prospect for those seeking a passive income stream with a credit-rated tenant and a long-term lease. This fee-simple ownership opportunity is ideal for 1031 exchange buyers or investors seeking a stable, high-return investment in a proven retail concept.