www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33374622
33374623

250 N Locust St, Ullin, IL 62992

WH
MO MO 19990030650
Holman Partners
AL
MO MO 2019023222
Holman Partners
Listed by Holman Partners
$1,043,221
7 days on market
Updated 6 days ago
Opportunity zone

Ullin Dollar General

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,026
Cap Rate 7.45%
NOI $77,720
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2036
Remaining Term 10.1
Rent Bumps Yes
Lease Options Five (5) Year Options to Renew
Year Built 2021
Acreage 1.540
Investment Type Net Lease
Lease Commencement 07/01/2021
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

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

Listing Contacts

WH
MO MO 19990030650
Holman Partners
AL
MO MO 2019023222
Holman Partners
Listed by Holman Partners

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,720.04
$6,476.67/mo

Valuation Metrics

0
DSCR
7.45%
Cap Rate
7.45%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Shari Nevels
License
71017462
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591