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Dollar General

250 Locust St, Ullin, IL 62992

Listing Price: $1,080,000

Cap Rate
7.20%
Tenant Name
Dollar General
Years Remaining On Lease
10.7
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$119.65
Lease Type
Absolute Net
Rent Per Square Feet
$8.61

Investment Overview

Marcus & Millichap is pleased to present the Dollar General located at 250 Locust Street in Ullin, Illinois. Located in Pulaski County, Ullin is a rural village in Southern Illinois that benefits from regional draw and proximity to major transportation routes, including Interstate 57. While small in population, the area is supported by agricultural activity, logistics routes, and surrounding communities that rely on national retailers for daily needs.

This single-tenant property features a ±9,026-square-foot building on a ±1.51-acre parcel, offering a significant land-to-building ratio and long-term site flexibility. Built in 2021, the property benefits from modern construction, a long remaining lease term, and strong visibility along Locust Street. The large parcel size presents potential future redevelopment value or expansion optionality. The property is strategically located within driving distance of larger regional hubs, including Cape Girardeau, Missouri, enhancing its accessibility and relevance in the local retail network.

Investment Highlights

  • 15-Year Absolute NNN Lease With 10.8 Years Remaining
  • Tenant Holds Five (5) Options to Extend the Lease, Each for a Five-Year Term
  • 10% Base Rent Increases at Each Option
  • Investment-Grade Tenant Rated 'BBB'
  • Dollar General is the Nation's Largest Retailer by Store Count, Operating More Than 20,000 Locations.

Exclusively Listed By

  • Jake Nowak

    Associate Investments

    (314) 889-2565

    Email Jake

    License(s): MO: 2025007018, IL: 475.216742

    St. Louis

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    Email Dave

    License(s): MO: 2008013520, IL: 475185449, KS: 00249685

    St. Louis

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Discount

Dollar General

Listing Price: $1,080,000

Cap Rate
7.20%
Tenant Name
Dollar General
Years Remaining On Lease
10.7
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$119.65
Lease Type
Absolute Net
Rent Per Square Feet
$8.61

Investment Highlights

  • 15-Year Absolute NNN Lease With 10.8 Years Remaining
  • Tenant Holds Five (5) Options to Extend the Lease, Each for a Five-Year Term
  • 10% Base Rent Increases at Each Option
  • Investment-Grade Tenant Rated 'BBB'
  • Dollar General is the Nation's Largest Retailer by Store Count, Operating More Than 20,000 Locations.

Investment Overview

Marcus & Millichap is pleased to present the Dollar General located at 250 Locust Street in Ullin, Illinois. Located in Pulaski County, Ullin is a rural village in Southern Illinois that benefits from regional draw and proximity to major transportation routes, including Interstate 57. While small in population, the area is supported by agricultural activity, logistics routes, and surrounding communities that rely on national retailers for daily needs. This single-tenant property features a ±9,026-square-foot building on a ±1.51-acre parcel, offering a significant land-to-building ratio and long-term site flexibility. Built in 2021, the property benefits from modern construction, a long remaining lease term, and strong visibility along Locust Street. The large parcel size presents potential future redevelopment value or expansion optionality. The property is strategically located within driving distance of larger regional hubs, including Cape Girardeau, Missouri, enhancing its accessibility and relevance in the local retail network.

Exclusively Listed By

  • Jake Nowak

    Associate Investments

    (314) 889-2565

    Email Jake

    License(s): MO: 2025007018, IL: 475.216742

    St. Louis

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    Email Dave

    License(s): MO: 2008013520, IL: 475185449, KS: 00249685

    St. Louis

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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