Ullin Dollar General
Retail | 7.45% CAP | 9,026 SqFt
Marketing description
Holman Partners is pleased to present a 100% fee simple interest in a Dollar General property located at 250 N Locust Street, Ullin IL 62992. The 9,026 SF store, completed in July 2021, is operated on a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. Included with the 10+ years remaining on the initial lease term is Five (5) Year Options to Renew, with 10% base rent increases at each. Dollar General is the largest discount retailer in the United States by the number of stores with over 20,400 neighborhood stores in 48 states. Not to mention they are among the largest retailer of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg, General Mills, Nabisco, PepsiCo, and Coca-Cola.
Ullin is a city in Pulaski County, Illinois. The town was originally established as a site along the Illinois Central Railroad, also known as the "Main Line of Mid-America" in the 1850's. It is situated along the Cache River, most of which is protected by Illinois state conservation departments. The Cypress Creek Wildlife Refuge, east of Ullin, provides a habitat for over 100 protected and endangered species. Southern Illinois is a popular area for outdoor activities like hiking and canoeing, with an abundance of natural areas, such as the Trail of Tears State Forest and Shawnee National Forest also located in surrounding area of Ullin. Ullin is located directly off of Interstate 57, which spans the entire length of Illinois from Chicago and down through the bootheel of Missouri. Dollar General is strategically located in the center of Ullin along the main thoroughfare, North Locust St also known as Old US Hwy 51, which connects many towns in Southern Illinois. Additionally, Dollar General has a large service area of 3.1 miles to the north, and 6 miles in every other direction servicing a population of over 2300. All of this combines to make an excellent location for Dollar General.
Investment highlights
- Absolute NNN Lease - No Landlord Responsibilities
- 10+ Years Remaining on Current Lease Term
- Five (5) Year Options to Renew
- 10% Base Rent Increases at Each Option
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