915 Walnut St, Mount Carmel, IL 62863-1415

This exceptional investment opportunity presents a 20,000-square-foot retail property in Mount Carmel, Illinois, currently leased to a Dollar General/Dollar Tree hybrid store under a 10.1-year NNN lease (8.9 years remaining) commencing September 13, 2023, and expiring September 30, 2033. The property boasts a strong 8% cap rate based on a net operating income (NOI) of $110,000, with an asking price of $1,375,000 ($68.75/sq ft). The lease includes four 5-year renewal options, each with a 10% rent increase. The tenant, a nationally recognized dollar store chain, holds an investment-grade credit rating, ensuring financial stability. Located at 915 N Walnut St, 62863, this highly visible property benefits from its strategic position near a major intersection in Mount Carmel, serving a population of 8,779 within a five-mile radius and a three-mile average household income of $63,045. The property was built in 2023 and is currently 100% occupied. This is a fee-simple ownership opportunity with minimal landlord responsibilities, making it an attractive investment for those seeking a stable, high-yielding asset in a strong retail market. The property is a dual-tenant concept, offering potential for increased revenue.