Discount
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.
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)
- 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
Financing By
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
Financing By
