This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

963 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

786 W Walnut St

10,000 SF Retail Building Jacksonville, IL 62650 $2,680,646 CAD ($268 CAD/SF) 7.50% Cap Rate

Retail Space Illinois Jacksonville 786 W Walnut St, Jacksonville, IL 62650

Investment Highlights

  • Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,0
  • Nearby national tenants include USPS, Buffalo Wild Wings, Sonic, The Home Depot, Arby’s, Wendy’s, KFC, Walgreens, CVS, and many more
  • 10-year NN+ lease with limited landlord responsibilities
  • Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same store sales/profitability
  • Six, 5-year options with rent increases of $5,000 ($.50 PSF)
  • Investment grade credit tenant – S&P rated BBB

Executive Summary

2024 build-to-suit construction for Dollar Tree. 10-year NN+ lease with limited landlord responsibilities. Concrete parking lot. Nearby national tenants include USPS, Buffalo Wild Wings, Sonic, The Home Depot, Arby’s, Wendy’s, KFC, Walgreens, CVS, and many more. 5 mile population in excess of ±22,573 residents. Average household income of $103,075. The subject property comes with a 20-year transferable roof warranty. Six, 5-year options with rent increases of $5,000 ($.50 PSF). The subject property is situated near various traffic generators, such as Jacksonville Memorial Hospital, Jacksonville Speedway, Jacksonville High School, and Jacksonville Municipal Airport. Jacksonville is located 35 miles west of Springfield (the capital of IL).

Attachments

Dollar-Tree-786-W-Walnut-St-OM-PP

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
10,000 SF
Building Class
C
Year Built
2024
Price
$2,680,646 CAD
Price Per SF
$268 CAD
Cap Rate
7.50%
NOI
$201,048 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.50 AC
Zoning
C - Commercial
1 of 1

Nearby Major Retailers

WW
U.S. Bank
(214) 692-2927

Contact

  • Listing ID: 33703780

  • Date on Market: 2024-10-31

  • Last Updated:

  • Address: 786 W Walnut St, Jacksonville, IL 62650

1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/2
786 W Walnut St, Jacksonville, IL for sale Primary Photo- Image 1 of 2
Primary Photo

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

786 W Walnut St
(214) 692-2927 x

786 W Walnut St

Scotty Latimer

(214) 692-2927

(214) 692-2927

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link