Dollar General - Kansas, IL
7 Years Remaining on Absolute NNN Lease | Zero Landlord Responsibilities | 6.85% CAP
Marketing description
This is a premium net lease investment opportunity featuring a 2018 constructed Dollar General store in Kansas, Illinois. The property benefits from an Absolute NNN lease structure with zero landlord responsibilities, offering 7 years remaining on the current lease term. The investment is secured by Dollar General Corporation, an investment grade S&P BBB rated tenant with a $45 billion market cap trading on NYSE as DG. The property features a full concrete parking lot on a large 1.74-acre parcel with excellent access and visibility along Water Street, the primary thoroughfare. Kansas, Illinois is strategically located in the heart of Illinois, approximately 30 miles from Terre Haute and 90 miles from Indianapolis, providing strong regional access.
Investment highlights
- 7 Years Remaining on Absolute NNN Lease | Zero Landlord Responsibilities
- 10% Rental Increases at Each of the Three, Five-Year Renewal Options
- Full Concrete Parking Lot (Tenant Responsible for All Maintenance)
- Kansas, Illinois is Located in the Heart of Illinois | ~30 Miles from Terre Haute and ~90 Miles from Indianapolis
- Easy Access and Visibility Along the Primary Thoroughfare (Water Street)
- Large 1.74 Acre Parcel
- Investment Grade S&P "BBB" Credit | $45 Billion Market Cap (NYSE: DG) | 18,190+ Stores in 44 States
- Dollar General is Ranked #106 on the Fortune 500 List (2022)
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