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Dollar General | 10 Years Remaining | Abs NNN

511 Main St, Warsaw, IL 62379

Listing Price: $1,259,000

Cap Rate
6.55%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Gross SF
7,489
Guarantor
Corporate Guarantee
Rentable SF
7,489
Price/Gross SF
$168.11
Lease Type
Absolute Net
Rent Per Square Feet
$11.01

Investment Overview

Marcus & Millichap is pleased to present for sale, Dollar General in Warsaw, Illinois. Dollar General currently has 10 years remaining on an absolute triple-net lease. Dollar General is being offered for $1,259,000.

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)
  • Easy Access and Visibility Along the Primary Thoroughfare (Main Street)
  • Warsaw is Border Town Between Illinois, Missouri and Iowa
  • Diverse Economy: Strong Mix of Manufacturing, Agriculture and Service Industries
  • Warsaw is Located on the Mississippi River and is a Border City with Easy Access to Three Different States - Illinois, Iowa, and Missouri
  • Investment Grade S&P "BBB" Credit | $45 Billion Market Cap (NYSE: DG) | 18,190+ Stores in 44 States

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

Discount

Dollar General | 10 Years Remaining | Abs NNN

Listing Price: $1,259,000

Cap Rate
6.55%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Gross SF
7,489
Guarantor
Corporate Guarantee
Rentable SF
7,489
Price/Gross SF
$168.11
Lease Type
Absolute Net
Rent Per Square Feet
$11.01

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)
  • Easy Access and Visibility Along the Primary Thoroughfare (Main Street)
  • Warsaw is Border Town Between Illinois, Missouri and Iowa
  • Diverse Economy: Strong Mix of Manufacturing, Agriculture and Service Industries
  • Warsaw is Located on the Mississippi River and is a Border City with Easy Access to Three Different States - Illinois, Iowa, and Missouri
  • Investment Grade S&P "BBB" Credit | $45 Billion Market Cap (NYSE: DG) | 18,190+ Stores in 44 States

Investment Overview

Marcus & Millichap is pleased to present for sale, Dollar General in Warsaw, Illinois. Dollar General currently has 10 years remaining on an absolute triple-net lease. Dollar General is being offered for $1,259,000.

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

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