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.
Dollar General | 10 Years Remaining | Abs NNN
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
Financing By
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
Financing By
