USAILJerseyville1401 Windy Ln
1401 Windy Ln, Home with 0 bedrooms, 0 bathrooms and null parking in Jerseyville IL | Image 1
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$96,100

1401 Windy Ln, Jerseyville, IL

Real Estate

Sold

$--,---,---
$101,560
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $22,824
Approx. Age 2017
MLS® Number 11962014

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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. LouisShow Description
MLS® Number11962014
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2017
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/CCentral Air
Heating Fuel

Extras

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