715 Mccambridge Ave, Madison, IL 62060-1699

This exceptional investment opportunity presents a freestanding Family Dollar store located at 715 Mccambridge Ave, Madison, IL 62060. The property boasts a 9,180 square foot building on a 1.86-acre lot, constructed in 2017. Currently operating under a triple-net (NNN) lease with zero landlord responsibilities, the lease commenced November 29, 2016, and extends until March 31, 2032, with six five-year renewal options. The asking price is $1,714,285, representing a 7.00% cap rate and a price per square foot of $186.74. The property enjoys a 100% occupancy rate, generating a net operating income (NOI) of $120,000. The tenant, Family Dollar, is a credit-rated, essential retailer, demonstrating resilience against economic downturns. The property benefits from a high-traffic location, with over 15,500 vehicles passing daily, and a strong demographic profile, including over 24,000 residents within a three-mile radius and over 100,000 within five miles. The lease includes a 10% rent increase during the final five years of the base term. The site is conveniently located within 15 miles (a 24-minute drive) of St. Louis Lambert International Airport, situated in the top 25 U.S. MSAs (St. Louis, MO MSA, ranked #23). Projected population growth within a one-mile radius is +2.30% through 2029. This is a rare opportunity to acquire a stable, high-performing retail investment with significant long-term potential.