998 Ann Rutledge Dr Williamsville, IL 62693
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.