Dollar General-Eldorado, IL
STORE REMODELING JUST ANNOUNCED! | LOWEST PRICE DOLLAR GENERAL IN U.S.
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PRICE REDUCTION! NOW OFFERED AT $199,790 / 11.5% CAP!
LOWEST PRICE DOLLAR GENERAL NATIONWIDE
Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale the lowest priced Dollar General property in the U.S. The property is being offered far below replacement cost. The commercial/retail building is in Eldorado, Illinois and leased predominantly to Dollar General. The Dollar General lease is structured on a “modified gross” basis and Dollar General has occupied the Property continuously for more than 30 years.
Commencing in May 1994, Dollar General initially leased 6,000 square feet, or approximately half of the total building area. Indicating a strong commitment to the site, Dollar General expanded into additional space, which now totals approximately 10,500 square feet out of the approximately 12,000 square feet of estimated total building area. In addition, Dollar General has continued to renew its lease most recently with a five (5)-year lease extension as of May 1, 2023 through April 30, 2028.
Investment highlights
- Lowest price Dollar General in the country!
- Price just reduced to $199,790 / 11.5% cap!
- Store ranks in the top 29% of all stores in a 15 mile radius according to Placer.AI report (available upon request)
- Opportunity to acquire an investment grade tenant-leased property for approximately $1 per square foot based on estimated total building area of approximately 12,000 square feet.
- More than 30 years of operating history with DG having just executed a new 5-year lease demonstrating continued commitment to the site.
- Extremely low annual rental rate of $3.43 per square foot “gross”, providing affordable and sustainable rent
- One remaining five (5)-year renewal option at $3,400.00 per month, a 13.33% rental increase.
- Small remaining + 1,500 square foot vacant space which may potentially be leased out to a third party tenant to add value.
- DG informed the ownership that it intends to do a store remodel in March 2026 likely indicating a strong commitment to the site.
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