1401 Windy Lane Jerseyville, IL 62052
NOTE: Seller has received multiple offers. The seller is requesting potential buyers to submit their highest and best offer, in all cash, no later than May 10, 2024 by 12:00pm. Major price reduction for investor equity buy-in of Dollar Tree retail standalone building. Tenant has a 25-year modified gross lease, with the first period ending in January 2028, then four consecutive five year options with rent escalations. Investor participation portion is at 18.93% of ownership, with the first period lease term at a capitalization rate of 15.1%. Cash investment requirement is $101, 560. This retail building is of steel and masonry construction, built in 2017, with a 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, with 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
- Property TypeCommercial
- NeighborhoodN/A
- CountyJersey
- Taxes$22,824
- HOA/Condo/Coop Fees$0
- Days on Site123 Days
- MLS StatusActive
- MLS ID Number11962014
- Home Size Source N/A
- Year Built2017
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction BlockSteel Siding
- Number of Stories 1
- Property Sub Type Retail
- Foundation Concrete Perimeter
- Zoning COMMR
- Number Of Stories 1
Interior Features
- Cooling Central Air
- Flooring Concrete
Exterior Features
- Construction Details BlockSteel Siding
Community Features
- Township Jersey
- MLS Area Jerseyville