101,560

18.93% Interest in 1401 Windy Lane, Jerseyville, IL 62052

9,000sqft2acre lot

Property Type
Commercial
Status
Under Contract
Occupied
No
Year Built
2018
County
Jersey
Coordinates
39.103111, -90.315776

1401 Windy Ln , Jerseyville, IL1401 Windy Ln , Jerseyville, IL

Investor equity buy-in for retail income standalone building. Stable anchor tenant in place, Dollar Tree retail, with 25-year lease terms. Investor participation portion is 18.93% ownership. The first period lease capitalization rate is at 6.37%. Next five-year lease period, starting April 2028, return on investment will be at 6.71%. Cash investment requirement is $254,040. Retail building is of steel and masonry construction, built in 2018. This is a single occupant building with the rentable area of 9,000 sqft. Building features steel structural framing, exterior walls of concrete block and steel, with central HVAC, fire suppression and alarm system. Building sits on a parcel of 1.66 acres. The site has 48 surface parking spaces. Accessibility is by US Route 67, which is a major arterial. This Dollar Tree retail resides on the southern most portion of Jerseyville, off a major access road of US Route 67. The City of Jerseyville, has a population approaching 8,000 residents, with a median household income of $63,200. Jerseyville is located in Jersey County IL, 50 miles north of St. Louis.

Broker
Ira Lauter
+1 (312) 925-0900
Broker ID: 475092590
Documents
For questions concerning the purchase of the property or how to make an offer, please contact the listing agent.