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301 E Route 115 , Herscher, IL 60941

301 E Route 115 , Herscher, IL 60941
Investor equity buy-in for retail income standalone building. Stable anchor tenant in place, Dollar General retail, with 40-year lease terms. Investor participation portion is 4.92% ownership. The first period lease capitalization rate is at 8.82% net. Cash investment requirement is $49,200. Retail property is a steel and masonry building constructed in 2016. This is a single occupant building with the rentable area of 9,026 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 99,752 sqft / 2.29 acres. The site has 30 surface parking spaces. Accessibility is by State Route 115, which is a major arterial. The subject resides on the northern edge of Herscher. This Dollar Tree tenant serves Herscher and greater southwestern Kankakee County. The lease terms are triple net, with no landlord responsibilities. A very nice armchair investment. Contact broker for additional information.
Sqft9026
Year Built2016

Porperty Highlights

  • Price $49,200
  • Property Size 9026 Sqft
  • Property ID 11960473
  • Property Status Closed
  • Year Built 2016
  • Garage Size x x
  • Property Type Free Standing Store, Commercial Sale
  • Roof Membrane
  • Utilities Electric to Site,Gas to Site,Sanitary Sewer
  • Cooling Central Air
  • Flooring Concrete
  • County Kankakee
  • Property Type Commercial Sale
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Property Features

Luxury Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

Video Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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Floor Plans

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Frequently Asked Questions

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Purchasing a property in these areas means investing in some of the most prestigious and sought-after locations, offering a unique blend of luxury, security, and high quality of life. These areas are known for their natural beauty, exclusive amenities, and strong property value retention.

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Inquiry For This Property

301 E Route 115 , Herscher, IL 60941

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