Property Listing No Longer Available for Sale

14144 Turner Ln, Cairo, IL

Retail for Sale - $260,000 - 8,625 Sq. Ft. on 1.18 acres


Property Info

CIMLS#962462
Location
  14144 Turner Ln
  Cairo IL 62914
UpdatedNovember 27th, 2017
TypeRetail
Price$260,000
Building8,625 Sq. Ft.
Land1.18 acres

Property Description

SVN | Holman Norden Properties is pleased to present a 100% fee simple interest in a Dollar General property located at 14144 Turner Lane, Cairo, IL 62914. This store is located just off Interstate Highway 57, a heavily traveled connector from Memphis, TN into Illinois and many recreational destinations in the Shawnee National Forest. The subject property is a 8625 square foot building leased to Dollar General Corporation as a long-term tenant. Built in 2000 to better serve the community and Interstate Travelers. Dollar General extended the lease term in 2014, over 3 years early, to September 30, 2022, this gives approximately 5.25 years of current term remaining with (2) five year options. This extension and options combined shows confidence by Dollar General in this store location.

Location Description:

The Cairo Dollar General is placed to serve interstate traffic from Hwys 57 and 51, as well as the local community. The store supports outdoorsman traveling to recreational areas in Illinois, Missouri, and Kentucky. The subject property is an 8625 square foot building placed on a 1.18-acre lot leased to Dollar General Corporation as a long-term tenant.

Highlights:

>> Custom Built for Dollar General, Opened in July 2000

>> 5.25 +/- Years remain On Current Lease

>> (2) Five Year Options

>> $250 per month Rent Increases per month in each option period

>> NN


Financials