252 Main St White Hall, IL 62092
- Grocery and convenience stores
- 10,640 SF
Current Use by Public Records
- Grocery and convenience stores
Property Details for 252 Main St
- Year built
- 2023
- Property size
- 10,640 SF
- Property type
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a single-tenant, 10,640 square foot Dollar General convenience store located at 252 N Main St, White Hall, IL 62092. Built in 2023 on a 0.78-acre site, the property boasts a strong corporate guarantee from Dollar General Corporation. The current lease, an NNN lease, has a remaining term of approximately 7.9 years, expiring September 30, 2032, and includes three five-year renewal options with 10% rent increases. The property generates a substantial net operating income (NOI) of $92,736 annually, representing a compelling 7.20% cap rate. The asking price is $1,288,000, or $121.05 per square foot. The property was appraised at $1,473,000 in 2022. The lease commenced September 20, 2022, with a monthly rent of $7,731.37. This is a prime retail investment with a secure tenant and significant upside potential. The property is zoned for commercial use and features a single, one-story building. This is a rare opportunity to acquire a high-performing asset in a stable market.
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
- White Hall
- County
- Greene
- State
- Illinois
- Longitude
- -90.403355328018
- Latitude
- 39.439464620866