702 Broadway Centralia, IL 62801
Property profile & analytics
702 Broadway Centralia, IL 62801
- Commercial real estate
- 10,640 SF
- 1.27 lot acres
Property ID
US28-4846031
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 702 Broadway
- Year built
- 2015
- Construction
- CONCRETE
- Lot size
- 1.27 lot acres
- Property size
- 10,640 SF
- Zone code
- 51
- Property type
- Commercial real estate
- APN
- 15-14-13-252-009
- APU
- 151413252009
Description
This exceptional investment opportunity presents a 10,640 square foot Dollar General store located at 702 W Broadway, Centralia, IL 62801. Built in 2016 on a 1.27-acre lot, this property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $99,732. The absolute NNN lease, with a corporate guarantee from a credit-rated tenant, ensures minimal landlord responsibilities. The lease, expiring March 31, 2031, has approximately seven years remaining, with built-in 10% rent bumps every five years in the lease options. This single-tenant property benefits from Dollar General's strong financial performance and market position, including a BBB (S&P) credit rating and a market capitalization of approximately $30 billion. The store's performance is further highlighted by its ranking in the top 78th percentile among Illinois Dollar General locations (as of July 2024, according to AlphaMaps data). This is a turnkey investment ideal for passive income seekers, offering long-term stability and significant return potential. The property is 100% occupied. Five, 5-year lease options are available.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,130,000
- ML approach
- $1,135,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,026,000
Market price range: $327k - $1.86M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Centralia
- County
- Clinton
- State
- Illinois
- Longitude
- -89.1459
- Latitude
- 38.53
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$20,796
$44,170
$178,440
$222,610
-
$132,510
$535,320
$667,830
