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James Daughrity Acquires Dollar General Retail Property In Oneida, IL For $1.6M

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SOLD
$1,647,618

National

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Sold 06/17/2022
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SOLD

James Daughrity Acquires Dollar General Retail Property In Oneida, IL For $1.6M

405 E Hwy, Oneida, IL 61467, USA

See Similar Deals
Sold 06/17/2022
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Summary

Transaction Type:Sale

A newly built Dollar General with an absolute NNN corporate guarantee lease was recently sold in Oneida, IL. The property, located at 405 E Hwy, is a retail asset spanning 9,264 square feet. The sale, facilitated by James Daughrity from Daughrity Real Estate representing the buyer, was completed on June 17, 2022. Christopher Twist from Colliers represented the seller in this transaction. The sale price for the property was $1,647,618, resulting in a price per square foot of $178.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,647,618
  • Address: 405 E Hwy, Oneida, IL
  • Square Footage: 9,264
  • Buyer's Representative: James Daughrity - Daughrity Real Estate
  • Seller's Representative: Christopher Twist - Colliers

This newly built Dollar General property was acquired as a replacement property in the buyer's 1031 Exchange. The transaction was successfully concluded with the assistance of James Daughrity from Daughrity Real Estate representing the buyer and Christopher Twist from Colliers representing the seller.

Players

James Daughrity
13 deals$82.7M volume(310) 596-6730
BROKER

Christopher Twist
Colliers
2 deals$11.6M volume
BROKER

Details

SOLD
IMAGE: James Daughrity & Christopher Twist DATE: 06/17/2022 ADDRESS: 405 E Hwy MARKET: Oneida, IL ASSET TYPE: Retail BUYER'S REP: James Daughrity (@jamessellsla) - Daughrity Real Estate SELLER'S REP: Christopher Twist - Colliers SALE PRICE: $1,647,618 SF: 9,264 ~ PPSF: $178 NOTE FROM @JamesSellsla: Newly built Dollar General with an absolute NNN corporate guarantee lease. The asset was a replacement property in the buyer’s 1031 Exchange.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,853.64
Cash-on-Cash Return-1.27%
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