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Views: 7 DOM: 2 Updated: 11.19.24 Posted: 11.19.24 Status: Active

Summary

Price $969,000
Built/Renov 2009
Tenant Dollar General
Cap Rate 7.80%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,014
Lease Start 04-01-2008
#Units 19,986
Price/SF $107.50
Expiration 03-31-2029
Tenant Type Dollar/Discount
NOI $75,600
R. Term 4.4
Ownership Fee Simple
Rent/SF $8.39
Increases 3.2%/5/yrs
Pop 5Mi 10,018
Lot/AC 1.07
Options 3/5yrs/3.08%
AHHI 5Mi $69,970

Lease Highlights

  • Dollar General has been operating in this location for 15+ years
  • Tenant just exercised five-year extension | 3 (5-year) options remaining with rental increases at each option
  • Two brand-new HVAC units (10-ton compressor) installed August 2024 | $32,000 invested by Seller
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located along Main Street, Staunton, IL's primary thoroughfare, and just 1.5 miles from I-55, which sees 31,500 vehicles per day, providing a direct route into St. Louis, MO. The property is less than one mile from two of Staunton’s top employers, Associated Bank National Association and Community Hospital – Staunton. The 5-mile trade area is supported by 10,018...

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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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Listing Broker

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