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Dollar General

2007 W Jefferson St, Springfield, IL 62702

Listing Price: $1,260,000

Cap Rate
7.11%
Tenant Name
Dollar General
Years Remaining On Lease
2.4
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$139.60
Lease Type
Absolute Net
Rent Per Square Feet
$9.93

Investment Overview

Marcus & Millichap is pleased to bring to market the Dollar General located at 2007 W Jefferson Street in Springfield, Illinois.

Located in Sangamon County, Springfield is the capital of Illinois and a regional
economic hub, supported by a diverse economy anchored in government,
healthcare, and education. The city’s stable population and strong daytime
employment base contribute to consistent retail demand, making this location a
reliable performer for essential goods and services.

This single-tenant property features a ±7,040-square-foot building on a ±0.76-acre
parcel, constructed in 2013, with prominent frontage along West Jefferson Street—
a heavily trafficked commercial corridor. The property offers strong visibility, easy
ingress and egress, and ample parking, positioning it well to serve local residents
and commuters alike. Surrounded by a mix of national retailers, restaurants, and
service providers, the site benefits from high consumer traffic and strong retail
synergy. Its strategic location in the heart of Springfield enhances Dollar General’s
regional presence and long-term operating stability.

Investment Highlights

  • 15-Year Absolute NNN Lease with Three Years Remaining
  • Tenant Holds Two (2) Options to Extend the Lease, Each for a Five-Year Term
  • 5 Percent 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

    St. Louis

  • David Saverin

    Senior Director Investments

    (314) 889-2555

    Email David

    License(s): MO: 2008013520, IL: 475185449, KS: 00249685, NE: 20250162

    St. Louis

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Listing Price: $1,260,000

Cap Rate
7.11%
Tenant Name
Dollar General
Years Remaining On Lease
2.4
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$139.60
Lease Type
Absolute Net
Rent Per Square Feet
$9.93

Investment Highlights

  • 15-Year Absolute NNN Lease with Three Years Remaining
  • Tenant Holds Two (2) Options to Extend the Lease, Each for a Five-Year Term
  • 5 Percent 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 bring to market the Dollar General located at 2007 W Jefferson Street in Springfield, Illinois. Located in Sangamon County, Springfield is the capital of Illinois and a regional economic hub, supported by a diverse economy anchored in government, healthcare, and education. The city’s stable population and strong daytime employment base contribute to consistent retail demand, making this location a reliable performer for essential goods and services. This single-tenant property features a ±7,040-square-foot building on a ±0.76-acre parcel, constructed in 2013, with prominent frontage along West Jefferson Street— a heavily trafficked commercial corridor. The property offers strong visibility, easy ingress and egress, and ample parking, positioning it well to serve local residents and commuters alike. Surrounded by a mix of national retailers, restaurants, and service providers, the site benefits from high consumer traffic and strong retail synergy. Its strategic location in the heart of Springfield enhances Dollar General’s regional presence and long-term operating stability.

Exclusively Listed By

  • Jake Nowak

    Associate Investments

    (314) 889-2565

    Email Jake

    License(s): MO: 2025007018

    St. Louis

  • David Saverin

    Senior Director Investments

    (314) 889-2555

    Email David

    License(s): MO: 2008013520, IL: 475185449, KS: 00249685, NE: 20250162

    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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