Dollar General
Established Dollar General | Long-Term Commitment | Below-Market Rent
Marketing description
This corporate-leased Dollar General has operated successfully at this South Beloit location for more than two decades, with multiple lease renewals demonstrating the tenant’s long-term commitment to the site. Positioned at 555 Progressive Lane just off Blackhawk Boulevard (IL-75), the property offers excellent visibility and a strategic location that draws customers from both Illinois and Wisconsin. Surrounded by a mix of national and regional retailers, the store benefits from steady local demand and a strong, loyal customer base.
Investment highlights
Single-tenant Dollar General with a corporate-backed NN lease
Lease runs through 2029 with one remaining 5-year renewal option; the tenant has renewed three times since opening, reflecting long-term commitment to this location
Base rent positioned well below prevailing market rates for comparable retail in the submarket, providing occupancy stability and potential future upside
Dollar General Corporation (NYSE: DG) — Fortune 500, investment-grade BBB rating (S&P), 21,000+ locations nationwide
CoStar traffic count of approximately 15,246 vehicles per day
Surrounded by national and regional retailers including ACE Hardware, NAPA Auto Parts, Subway, O’Reilly Auto Parts, Dollar Tree, and Mobil
The 5-mile trade area contains 44,000+ residents with an average household income of $69,000, aligning with Dollar General’s preferred middle-income, value-conscious consumer profile
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