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Family Dollar

400 S Grand Ave E, Springfield, IL 62703

Listing Price: $1,441,000

Cap Rate
7.25%
Tenant Name
Family Dollar
Years Remaining On Lease
4.8
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$173.20
Lease Type
Double Net
Rent Per Square Feet
$12.56

Investment Overview

Marcus & Millichap is pleased to bring to market Family Dollar in Springfield, Illinois.

Investment Highlights

  • Family Dollar Double-Net Lease with Five Years Remaining in Springfield, Illinois (State Capital, MSA Population is 207,000)
  • Extremely Dense Infill Location Just South of Downtown with 13,800 Residents within a One-Mile Radius
  • Tenant Reports Above-Average Store Sales – Contact Agent for Details
  • Four-Year Extension Exercised Two Years Early in 2020 Showing Strong Commitment to the Site
  • Located at Hard Corner Signalized Intersection on S Grand Avenue – High-Traffic East-West Corridor with 24,000 Vehicles Per Day at Intersection
  • Investment-Grade Tenant Carrying S&P "BBB-" Credit Rating
  • Constructed in 2012 – Prototypical 8,320-Square-Foot Building on 0.91-Acre Site with Excellent Visibility
  • State of Illinois Government Employs 18,000 People Locally, Other Major Employers Include Memorial Health System, Hospital Sisters Health System, Horace Mann Educators Corp., Blue Cross Blue Shield, BUNN, Springfield Public Schools, University of Illinois and More

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Listing Price: $1,441,000

Cap Rate
7.25%
Tenant Name
Family Dollar
Years Remaining On Lease
4.8
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$173.20
Lease Type
Double Net
Rent Per Square Feet
$12.56

Investment Highlights

  • Family Dollar Double-Net Lease with Five Years Remaining in Springfield, Illinois (State Capital, MSA Population is 207,000)
  • Extremely Dense Infill Location Just South of Downtown with 13,800 Residents within a One-Mile Radius
  • Tenant Reports Above-Average Store Sales – Contact Agent for Details
  • Four-Year Extension Exercised Two Years Early in 2020 Showing Strong Commitment to the Site
  • Located at Hard Corner Signalized Intersection on S Grand Avenue – High-Traffic East-West Corridor with 24,000 Vehicles Per Day at Intersection
  • Investment-Grade Tenant Carrying S&P "BBB-" Credit Rating
  • Constructed in 2012 – Prototypical 8,320-Square-Foot Building on 0.91-Acre Site with Excellent Visibility
  • State of Illinois Government Employs 18,000 People Locally, Other Major Employers Include Memorial Health System, Hospital Sisters Health System, Horace Mann Educators Corp., Blue Cross Blue Shield, BUNN, Springfield Public Schools, University of Illinois and More

Investment Overview

Marcus & Millichap is pleased to bring to market Family Dollar in Springfield, Illinois.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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