SOLD: 207 N. Dixie Hwy. (Dollar General)

Calibrate Real Estate is excited to announce that Kyle Malnati successfully facilitated the purchase of a NN-leased property located at 207 N. Dixie Hwy. in Momence, Illinois. This property has a single tenant under a commercial lease with a 9.52% CAP rate for a high return rate and little management responsibility for the Owner. 

See below for more details on this sale;

SOLD_ Momence

Location: Momence, Illinois
Addresses: 207 N. Dixie Hwy. Momence, IL 60954
Sale Date: January 24th, 2019
Sale Price: $599,000
Price/SF: $66.45/SF
Lot Size: *.59 ac
Building Size: 9,014 SF
Lease Type: NN (3 years remaining with four, 5 year renewal options)
Year Built: 2005
*Buyer to verify accuracy of square footage*

Dollar General: $57,000/Year

– Located on a 4 way traffic light intersection in Momence, 50 miles south of Chicago 
– Highly visible site with easy access, very little competition 
– Such solid sales that in 2000 DG tore down smaller store to build larger one to hold more capacity and sales 
– 9.52% CAP rate for high rate of return with little management responsibility for Owner 

Kyle 40 Under 40

Kyle Malnati
303-358-4250 |

Calibrate Real Estate (303) 482-2828
900 E. Louisiana Ave. #203, Denver, CO 80210