503 S 7Th St, Unit Wyoming IL, Wyoming, IL 61491
- Retail space
- 10,500 SF
- 1.60 lot acres
Current Use by Public Records
- Retail space
Property Details for 503 S 7Th St
- Year built
- 2023
- Lot size
- 1.60 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a brand-new, 10,500 square foot Dollar Tree/Family Dollar dual-concept store located in Wyoming, Illinois, within the Peoria MSA. Built in 2023, this property boasts upgraded construction featuring EIFS and stone, situated on a 1.595-acre lot at a hard corner location along Illinois Route 91. Benefiting from a long-term lease with approximately 9.3 years remaining, this investment offers a strong 8.05% cap rate and substantial NOI. The tenant, a credit-rated, investment-grade company, provides exceptional security. The property strategically out-positions a nearby competitor and enjoys proximity to a popular state park. Four 5-year lease options with $.50/SF rent bumps ensure future income growth. This is a compelling opportunity for a 1031 exchange.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wyoming
- County
- Stark
- State
- Illinois
- Longitude
- -89.773063894699
- Latitude
- 41.057119608238
