Skip to main content

Drug Store

Dollar General | 10 Years Remaining | Abs NNN

504 Water St, Kansas, IL 61933

Listing Price: $1,191,000

Cap Rate
6.55%
Tenant Name
Dollar General
Years Remaining On Lease
10.0
Gross SF
7,489
Guarantor
Corporate Guarantee
Rentable SF
7,489
Price/Gross SF
$159.03
Lease Type
Absolute Net
Rent Per Square Feet
$10.41

Investment Overview

Marcus & Millichap is pleased to present for sale, Dollar General located in Kansas, Illinois. Dollar General currently has over 10 years remaining on an absolute triple-net lease. Dollar General is being offered for $1,219,000.

Investment Highlights

  • 10 Years Remaining on Absolute Triple-Net Lease | Zero Landlord Responsibilities
  • 10 Percent 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 | Approximately 30 Miles from Terre Haute and Approximately 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) | Over 18,190 Stores in 44 States
  • Dollar General is Ranked #106 on the Fortune 500 List (2022)

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Drug Store

Dollar General | 10 Years Remaining | Abs NNN

Listing Price: $1,191,000

Cap Rate
6.55%
Tenant Name
Dollar General
Years Remaining On Lease
10.0
Gross SF
7,489
Guarantor
Corporate Guarantee
Rentable SF
7,489
Price/Gross SF
$159.03
Lease Type
Absolute Net
Rent Per Square Feet
$10.41

Investment Highlights

  • 10 Years Remaining on Absolute Triple-Net Lease | Zero Landlord Responsibilities
  • 10 Percent 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 | Approximately 30 Miles from Terre Haute and Approximately 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) | Over 18,190 Stores in 44 States
  • Dollar General is Ranked #106 on the Fortune 500 List (2022)

Investment Overview

Marcus & Millichap is pleased to present for sale, Dollar General located in Kansas, Illinois. Dollar General currently has over 10 years remaining on an absolute triple-net lease. Dollar General is being offered for $1,219,000.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

MM Texture Background
MM Textured Background Lower