Listed by Sands Investment Group
$1,131,000
Dollar General - Viola, IL
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,100
Cap Rate 7.5%
NOI $84,854
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $124
Year Built 2015
Acreage 1.110
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2016
Ground Lease No
7.50% | Absolute Triple Net (NNN) | Dollar General
Marketing description
We are pleased to exclusively offer for sale the 9,100 SF Dollar General located at 1003 13th Street in Viola, IL. This deal includes an Absolute Triple Net (NNN) Dollar General with zero landlord responsibilities, providing for a truly passive and secured investment
Investment highlights
- Exclusive market presence with no competing Dollar Store concepts, solidifying Dollar General’s role as the primary everyday needs retailer for Viola, IL and the surrounding rural trade area.
- Absolute Triple Net (NNN) Lease with zero landlord responsibilities, providing for a truly passive investment.
- Corporate guaranteed lease backed by Dollar General Corporation (NYSE: DG), an investment grade rated tenant (S&P: BBB) with 20,893 locations nationwide.
- Dollar General has a proven, recession-resistant retail concept that targets core customers in smaller communities.
- 3, 5-year renewal options with 10% rental increases at each option period, providing long-term tenancy and growing NOI well beyond the primary term expiration.
Listing Contacts
Listed by Sands Investment Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$84,854.00
$7,071.17/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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