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Family Dollar

Rushville, Illinois

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NNN Pro Group is pleased to present the exclusive listing for Family Dollar located at 119 W Adams St, Rushville, Illinois. The site consists of roughly 8,539 rentable square feet of building space on estimated 0.85-acre parcel of land. This Family Dollar is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 18th, 2015. The current annual rent is $109,835.04 and is scheduled to increase by 10% in June 2024 and in each of the 6, 5-year renewal options.

 Original 15-Year Absolute Triple Net (NNN) Lease
 Approximately 5.8 Years Remaining
 Ten Percent (10%) Rental Increase in July 2024
 Six (6), Five (5)-Year Tenant Renewal Options

Key Details

Price:
$1,399,172
Cap Rate:
7.85%
Annual Rent:
$109,835
Address:
119 W Adam St, Rushville, Illinois 62681
Lease Type:
Triple Net (NNN)

Original Lease Term:
15 Years
Lease Commencement:
December 18th, 2015
Lease Expiration:
June 30th, 2029
Lease Term Remaining:
5 Years
Lot Size:
.85 Acres
Building Size:
8,359 SF
Year Built:
2014
Tenant:
Family Dollar

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Christopher Urban

License: 10401294011

Broker of record

Brian Brockman

Bang Realty-Illinois, Inc

License: 471020548


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