Listed by Westwood Net Lease Advisors LLC
$1,388,658
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Cap Rate 7.00%
NOI $97,206
Tenancy Single
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/31/2033
Remaining Term 7.1
Rent Bumps Yes
Lease Options Four (Five) Year Options
Year Built 2018
Acreage 1.000
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/01/2018
Ground Lease No
Sale Condition 1031 exchange
Retail | 7.00% CAP | 9,100 SqFt
Marketing description
This Dollar General property is located at a rare Interstate location just off I-55 with 46,300 cars per day, only 2+ miles from the University of Illinois-Springfield with 4,300+ students. The property features a strong demographic base with almost 70,000 people in a 5-mile radius and an average household income of $118,000 within a 3-mile radius. The store is surrounded by immediate retailers including McDonald's, Cracker Barrel, Circle K, Wendy's, Taco Bell, and Subway. The lease is backed by a corporate guaranty from Dollar General Corporation, which operates approximately 21,000 locations and generates $42.7 billion in revenues.
Investment highlights
- Rare Interstate location just of I-55 with 46,300 cars/day. Just 2+ miles to University of Illinois-Springfield with 4300+ students/
- Almost 70,000 people in a 5 mile radius with Average Household Income of $118,000 in 3 mile radius
- Immediate retailers in the area include McDonald's, Cracker Barrel, Circle K, Wendy's, Taco Bell and Subway
- Corporate Guaranty from Dollar General with approx. 21,000 locations and $42.7 billion in revenues, representing a 5.2%increase year-over-year. Growth was driven by a 3.0% increase in same-store sales and 581 new store openings, driven by demand for value-based products
- Store was remodeled in June 2025 at Tenant's expense
- Ranked in the top 20%+/- for foot traffic in 2025
Listing Contacts
Listed by Westwood Net Lease Advisors LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,206.12
$8,100.51/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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