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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$1,225,000

Est. payment - /mo

12,855 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 12,855 sqft

Price per Sqft $95

MLS Listing ID 12561089

Year Built 1998

Annual Tax Amount $34,726

Tax Year 2023

Property Sub-Type Retail/Stores

Property Description

Presenting the opportunity to acquire a Dollar General Redevelopment 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 7.75 CAP rate with tremendous cash flow and continued growth.

Location

State IL

County Cook

Area Calumet City

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

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Listed by Dominick Cannata of Brookline Real Estate LLC

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent | License ID: 475.188206

Agent License ID: 475.188206

626 River Oaks DR Calumet City, IL 60409

Garrett Johnson

Key Details

Location

Interior

Building

Nearby School & Business

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