998 Ann Rutledge Dr Williamsville, IL 62693
- Retail properties
- 10,640 SF
- 1.50 lot acres
Current Use by Public Records
- Retail properties
Property Details for 998 Ann Rutledge Dr
- Lot size
- 1.50 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 10,640 square foot Dollar General convenience store located at 998 Ann Rutledge Dr, Williamsville, IL 62693. The property sits on a 1.5-acre lot and boasts a newly renovated building (2024) with a single-story design. The property is zoned commercial and features a 15-year Absolute NNN lease with a corporate guarantee from Dollar General Corporation, commencing May 5, 2025, and expiring May 4, 2040. The lease includes three 5-year renewal options and features 5% rent increases every five years. The current Net Operating Income (NOI) stands at $131,823, yielding a 6.50% cap rate. The asking price is $2,028,053, translating to $190.61 per square foot. This is a low-risk, high-return investment with a strong tenant and long-term lease. The property's location in Williamsville, Sangamon County, Illinois, offers excellent visibility and accessibility. This is a turnkey investment opportunity with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Williamsville
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.5604
- Latitude
- 39.9617
