Listed by Matthews
$1,000,000
Dollar Tree | Springfield IL | 7.5 YEARS REMAINING
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 11,000
Cap Rate 8.25%
NOI $82,500
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN+
Lease Expiration 01/31/2034
Remaining Term 7.6
Rent Bumps Yes
Lease Options Three, 5-Year Options
Class B
Year Renovated 2017
Acreage 0.930
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/17/2017
Ground Lease No
Ownership Fee Simple
RECENT 10-YEAR LEASE EXTENSION | TRAFFIC COUNTS EXCEED +43,000 VPD
Investment highlights
- 2017 retrofit for Dollar Tree
- Dollar Tree recently extended their lease early to a full 10-year term, proving their commitment to the location and market
- Corporately guaranteed lease
- Three, 5-Year renewal options all of which include a $.50/SF rent increase
- 5-Mile population of 86,134 residents and average household income of $82,841 annually
- Traffic counts exceed +43,000 at the intersection of Dirksen Pkwy & E Sangamon Rd
- Local retail tenants include Walmart, Lowes, McDonald's, ADLI, Wells Fargo, Aaron's, KFC, Wendy's, and many more
- Dollar Tree, which acquired Family Dollar in 2015, is the second-largest discount retailer in the U.S., operating over 16,000 locations nationwide.
- Tenant outperformed during the COVID-19 pandemic, experiencing notable increases in same-store sales and profitability.
- Investment Grade Credit Tenant - S&P Rated BBB
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,500.00
$6,875.00/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
Map
Zoning
S-2 CommercialNeighborhood CommercialCommunity Shopping And Office District
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View all 282 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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