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1608 Georgetown Rd, Tilton, IL, 61833

Family Dollar
$850,503

Key Information

Cap Rate
9.75%
$ per SF
$81
Tot. SF
10,380
Year Built
1979/ R 2013
Term Remaining
±3 Yrs
Type
Retail

Highlights

  • Offered at $850,503, representing a 9.75% capitalization rate
  • ±3 years remaining on the current lease term, with five (5) additional five-year renewal options; includes a significant 18% rent increase at the first option and 10% escalations at each subsequent renewal
  • Family Dollar has operated at this location since 2013 and has exercised an option to extend, reflecting long-term operational success and commitment to the site
  • Lease guaranteed by Family Dollar Corporation (corporate guarantee)
  • ±10,380 SF building situated on a ±1.53-acre parcel with ±53 parking spaces, offering strong customer accessibility; includes a loading dock with a dock-high roll-up door
  • Originally constructed in 1979 and fully renovated in 2013 for Family Dollar; the property has been well maintained
  • NN+ lease structure with minimal landlord obligations limited to roof, structure, and lot replacement
  • Strong real estate fundamentals with current rent at $8.19/SF and pricing at $81.94/SF—offering an attractive basis relative to replacement cost
  • Dense trade area with over 42,000 residents within a 5-mile radius and an average household income exceeding $58,000
  • Regional draw with over 175,000 residents within a 30-mile radius; limited competition in nearby towns positions Tilton as a key retail hub for surrounding rural communities

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203