601 Outerbelt Dr Clayton, IL 62324
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store located at 601 E. Outerbelt Dr, Clayton, IL 62324. The property sits on a two-acre lot and boasts a 15-year absolute NNN lease with a corporate guarantee, ensuring consistent cash flow. The lease commenced June 1st, 2024, and includes a favorable 5% rent increase every five years, providing built-in growth potential. The current annual net operating income (NOI) stands at $101,206, yielding a 6.70% cap rate based on the asking price of $1,510,547. A recent appraisal valued the property at $1,670,000 on March 9th, 2024. The single-story building was constructed in 2024 and is zoned for commercial use. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant long-term upside. The property's location in Adams County, Illinois, offers excellent visibility and accessibility. This is an absolute NNN lease, meaning the tenant is responsible for all property expenses, minimizing landlord responsibilities. The price per square foot is $141.97. This investment is ideal for those seeking a secure, passive income stream with substantial appreciation potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.