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772 OLD 36 Winchester IL 62694

[Locked]

Details
Property Type Retail
Building SqFt 7,200
Lease Type ******
Lease Term ******
Lease Expiration ******
Days on Market ******
Latitude 39.6325
Longitude -90.4658

Property History

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Property Type
Property Type
Retail
Marketing Description
Marcus & Millichap is pleased to present this single tenant Dollar General located in Winchester, Illinois.

The 7,200 square foot building was a build-to-suit in 2002, with the tenant signing an original 10-year lease. Since the expiration of the original base term, Dollar General has elected to exercise their two, five-year renewal options illustrating their success and commitment to this location. There are no remaining renewal options. Dollar General has consistently paid percentage rent, an indication of their strong store sales. Dollar General is required to report store sales data annually to the Landlord, which provides the Landlord with direct visibility into store performance allowing them to actively monitor the health of store operations.

Dollar General capitalizes off the minimal amount of discount store and grocery store competition in the Winchester market. The building has excellent exposure along Old Route 36, which eventually feeds into both Jacksonville and Pittsfield, Illinois.

Dollar General (NYSE: DG) is the largest small-box discount retailer in the United States with over 15,000 stores in 45 states. Dollar General stores offer convenience and value to customers by offering consumable basic items that are frequently used and replenished, such as food, snacks, health and beauty aids and cleaning supplies, as well as a selection of basic apparel, housewares and seasonal items at everyday low prices. For the 2017 fiscal year, the company report total sales of $23.5 Billion and a net worth of approximately $5.38 Billion.


Investment Highlights
  • Build-to-Suit for Dollar General
  • Two Lease Renewals Illustrate the Tenants Success & Commitment to this Location
  • Robust Store Sales | Tenant Pays Percentage Rent | Substantially Higher Sales than the National Average
  • Low Rent for Dollar General at $5.32psf
  • Zero Discount Store or Grocery Store Competition
  • Corporately Guaranteed Lease by Dollar General (NYSE: DG)
  • Dollar General has over 15,000 Locations in 45 States and is the Largest Small-Box Discount Retailer in the U.S.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
NW
Nathan Whalen PRO
•••.•••.5329
••••••.••alen@•••••••••••••••.com
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