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$ 1,310,000
Est. payment | /mo
12,855 SqFt
$ 1,310,000
Est. payment | /mo
12,855 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 12,855 sqft
Price per Sqft $101
MLS Listing ID 12304779
Year Built 1998
Annual Tax Amount $34,726
Tax Year 2023
Lot Dimensions 279X179
Property Sub-Type Retail/Stores
Property Description
Presenting the opportunity to acquire a Dollar General Redevelopment triple-net (NNN) investment positioned in a strong, transit-oriented location in the Chicago suburb of Calumet City. 626 River Oaks Drive contains 12,855 square-feet and is situated on approximately 0.66 acres. Near IL/IN state line at the northwest corner of River Oaks Road and Burnham Avenue, the property benefits greatly from its position next to McDonald's and Dunkin', and a few blocks from River Oaks Mall. The brick construction building has been remarkably-maintained and offers its visitors 38 total parking spots in accessible front and side lots. Multiple entrances on River Oaks Drive and access from Burnham Avenue aid traffic flow and allow the business to operate smoothly. Currently in year three of a ten-year corporate lease, Dollar General has shown stability and continued success at the location. This asset is being offered at a 7.25% CAP rate with tremendous cash flow and continued growth.
Location
State IL
County Cook
Area Calumet City
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1
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Listed by Dominick Cannata • Brookline Real Estate LLC