Listed by Elevate Net Lease
$1,289,795
Dollar General
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,002
Cap Rate 7.35%
NOI $94,800
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 08/01/2031
Remaining Term 5
Rent Bumps Yes
Lease Options 2 (5) Year Options
Year Built 2016
Acreage 1.230
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2016
Ground Lease No
Retail
Marketing description
The Property at 1111 Coyne Center Rd, Milan, IL 61264 Is Strategically Located in the Quad Cities Region, Offering Stable Income, Excellent Visibility, and Long-Term Investment Security in a Growing Midwest Market. The Lease Is Backed by Dollar General Corporation (NYSE: DG), Operating Over 19,000 Locations Nationwide, and Structured as an Absolute NNN Lease With Zero Landlord Responsibilities, Providing Truly Passive Cash Flow.
Investment highlights
- High-Quality Quad Cities Net Lease Investment With Strong Corporate Credit and Affluent Demographics - The Property at 1111 Coyne Center Rd, Milan, IL 61264 Is Strategically Located in the Quad Cities Region, Offering Stable Income, Excellent Visibility, and Long-Term Investment Security in a Growing Midwest Market
- Corporate Guarantee and Passive Ownership - The Lease Is Backed by Dollar General Corporation (NYSE: DG), Operating Over 19,000 Locations Nationwide, and Structured as an Absolute NNN Lease With Zero Landlord Responsibilities, Providing Truly Passive Cash Flow
- Affluent Trade Area and Essential Retail Demand - The Immediate Area Features Average Household Income Exceeding $90,000 Within a 1-Mile Radius, Supporting Strong Purchasing Power, While Dollar General Operates as a Recession-Resistant, Daily Needs Retailer With Consistent Performance Across Economic Cycles
- Strategic Regional Location - Positioned Near Interstate 280 and Within the Quad Cities Including Rock Island, Moline, Davenport, and Bettendorf, the Property Benefits From Strong Regional Employment Drivers Such as the Rock Island Arsenal and John Deere, Supporting Long-Term Economic Stability and Retail Demand
- Below Replacement Cost Opportunity - The Asset Is Expected to Trade Below Current Construction and Land Costs, Providing Downside Protection and Attractive Entry Pricing in Today's Elevated Development Environment
Listing Contacts
Listed by Elevate Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,800.00
$7,900.00/mo
Valuation Metrics
0
DSCR
7.35%
Cap Rate
7.35%
ROI
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