Cap Rate: 6.70%
Annual Rent: $139,786
Square Footage: 13,547
This is a unique opportunity to purchase an investment grade single tenant net leased Dollar General in a high-density, urban infill location in Chicago, Illinois. The net lease calls for minimal Landlord responsibilities which include roof, structure and parking lot. This Dollar General includes a dedicated parking lot with 37 stalls. This property was fully renovated in 2012 (plumbing, electrical, mechanical, & roof).
Chicago is the third largest metropolitan area in the United States with nearly 9.5 million people. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation, with O’Hare International Airport being the second-busiest airport in the world in terms of traffic movements.