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Dollar General

4110 Avenue Of The Cities, Moline, IL 61265

$550,000

Cap Rate 9.06%

Views: 210 DOM: 165 Updated: 10.30.24 Posted: 06.10.24 Status: Active

Summary

Price $550,000
Built/Renov 1967
Tenant Dollar General
Cap Rate 9.06%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 12,760
Lease Start 03-01-2015
#Units 19,986
Price/SF $43.10
Expiration 02-28-2025
Tenant Type Dollar/Discount
NOI $49,837
R. Term 0.3
Ownership Fee Simple
Rent/SF $3.91
Increases 10.0%/1/yrs
Pop 5Mi 131,756
Lot/AC 0.46
Options 1/5yrs/10%
AHHI 5Mi $77,411

Doug Passon
Fortis Net Lease
Contact

Lease Highlights

  • Dollar General has less than 1 year remaining on the current lease term with 1 (5-year) option to renew
  • The lease features a 10% rental increases at the start of the remaining option period
  • Minimal landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located near the signalized, hard corner intersection of Avenue of the Cities and 41st St, with access to a combined daily traffic count of 45,900 vehicles. The property is surrounded by well-known national tenants, including CVS, AutoZone, Taco Bell, ALDI, Advance Auto Parts, and more. The 5-mile trade area is supported by a population of 131,756 residents with...

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Key Features

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Strong demographics

  • Major MSA

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Dollar General Wikipedia Dollar General Wikipedia Moline, Illinois Zip Code 61265 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 9,272 59,515 129,380
2024 Total Population : 9,576 61,212 132,200
2024 Employed Civilian Pop : 4,704 30,292 65,769
2024 Total Businesses : 351 2,595 4,662
2024 Average Household Income : $ 84,803 $ 81,685 $ 86,759
2024 Total Consumer Spending : $ 335 M $ 1967 M $ 4349 M
2024 Median Age : 42 40 40
2024 Total Households : 4,485 27,141 56,665
2024 Pop Age 25+: Bachelor's Degree : 1,266 7,779 17,564
2024 Average Home Value : $ 176,884 $ 174,149 $ 200,648
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
23rd Ave 41st St 2010 22,900 0.03 mi
41st St 24th Ave 2010 10,200 0.05 mi
Avenue of the Cities 41st St 2018 23,400 0.08 mi
41st St 23rd Ave 2010 8,300 0.09 mi
41st St 26th Ave 2010 14,400 0.22 mi
23rd Ave 44th St 2004 25,900 0.23 mi
26th Ave 41st St 2010 1,950 0.25 mi
23rd Ave 45th St 2004 25,900 0.27 mi
41st St 40th StCt 2001 11,600 0.30 mi
41st St 28th Ave 2010 14,800 0.32 mi

Listing Broker

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