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31888361
31888362

111 S Old Rte 66, Mount Olive, IL 62069

DS
IL 475185449, MO 2008013520 (+1)
Marcus & Millichap
JN
IL 475216742, MO 2025007018
Marcus & Millichap
Listed by Marcus & Millichap
$425,000
218 days on market
Updated 2 days ago

Dollar General - 26 Year Operating History

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,649
Net Rentable (SqFt) 10,649
Units 1
Cap Rate 9.58%
NOI $40,697
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Expiration 03/27/2029
Remaining Term 2.8
Rent Bumps Yes
Lease Options Two (2) - Five (5) Year Renewals
Price per SqFt $40
Year Built 2000
Acreage 0.490
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Ownership Fee Simple

Retail | 9.58% CAP | 10,649 SqFt

Marketing description

Marcus & Millichap is pleased to present the Dollar General located at 111 S Old Route 66 in Mount Olive, Illinois.

Located in Macoupin County, Mount Olive sits along the historic Route 66 corridor in Southern Illinois, providing a unique blend of small-town stability and regional accessibility. The community is supported by steady local demand, with Dollar General serving as a primary destination for daily household essentials.

Built in 2000, this single-tenant property has been operating successfully at this location for over 26 years, reflecting the tenant’s long-term commitment and consistent performance. The ±10,649 square foot building is situated on a ±0.49-acre parcel with direct frontage along Old Route 66, one of the community’s primary thoroughfares. The site provides excellent visibility and convenient access for area residents and travelers alike.

The property also benefits from its position within driving distance of the greater St. Louis MSA, offering access to a larger economic base while maintaining the advantages of a smaller, close-knit market. Surrounding retailers and service providers contribute to a complementary retail environment, further enhancing the property’s long-term investment appeal.

Investment highlights

  • Dollar General Has Successfully Operated at This Location for 26 Years Since Opening in 2000

  • Double Net Lease With Limited Landlord Responsibilities and Favorable Reimbursements to the Landlord

  • Investment-Grade Tenant Rated ‘BBB

  • Dollar General Is the Nation’s Largest Retailer by Store Count, Operating Over 20,000 Locations in the U.S.

Listing Contacts

DS
IL 475185449, MO 2008013520 (+1)
Marcus & Millichap
JN
IL 475216742, MO 2025007018
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,697.00
$3,391.42/mo

Valuation Metrics

0
DSCR
9.58%
Cap Rate
9.58%
ROI

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Title
Broker of Record
Name
Dave Saverin
License
475185449
Brokerage
Marcus & MIllichap
Brokerage Phone
3148892555
Title
Real Estate Broker
Name
Jake Nowak
License
475216742
Brokerage
Marcus & Millichap
Brokerage Phone
3148892565
Title
Associate Investments
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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