704 Ohio Street

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704 Ohio Street

Brookport, IL 62910
Asking Price
$4.66M
Cap Rate
6.6%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

DG Market - 12,668 SF - Carries Meat & Produce | 40-Unit Apartment Complex - Strong Historical Occ <p>Fortis Net Lease & Partners Realty is pleased to offer this assumable debt portfolio consisting of a 12,668sf Dollar General Market located in Brookport, IL and a 40-unit apartment located in Montgomery, AL. This portfolio offers the best of both worlds; stabilized income via a zero landlord responsibility 10.5 year lease with Dollar General and a 40-unit apartment complex. The apartment complex allows for NOI growth via the 'RUBS' method, paid preferred parking, short term rentals, coin oper

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NOI
$80,000
Cap Rate
1.72%
DSCR
0.29
Underwater
Cash-on-Cash
-14.07%
Monthly Payment
$23,065.032
Annual Cash Flow
$-196,780.388

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