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Dollar General

700 S Sycamore St, Villa Grove, IL 61956

Listing Price: $400,000

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
3.0
Gross SF
8,500
Guarantor
Corporate Guarantee
Rentable SF
8,500
Price/Gross SF
$47.06
Lease Type
Double Net
Rent Per Square Feet
$3.76

Investment Overview

Marcus & Millichap is pleased to present Dollar General located at 700 S Sycamore Street in Villa Grove, Illinois (Champaign- Urbana MSA).

This single-tenant NN leased property features a ±8,500 square foot building situated on a generous ±1.5-acre parcel with excellent frontage along S Sycamore Street the primary thoroughfare of Villa Grove.

Dollar General has occupied this property for 32 years (since 1993) and continued to pay increased rent throughout their Tenancy.

Dollar General just exercised their Three (3) year lease renewal option demonstrating their commitment to the location.

This property presents the investor the opportunity to acquire a BBB investment grade (S&P) tenant with a 32 operating history at a low price point.

Located in Douglas County, Villa Grove is a small but important agricultural and commercial area within east-central Illinois, serving as a key retail destination for nearby rural communities. The area benefits from consistent local demand, with Dollar General providing essential goods and convenience for residents.

The site offers strong visibility and easy accessibility for local shoppers. The property benefits from its proximity to complementary local businesses and regional service providers, supporting stable retail activity. Additionally, Villa Grove’s location approximately 20 miles south of Champaign reinforces its role as a local hub while benefiting from the economic strength of the greater Champaign-Urbana market.

Investment Highlights

  • Dollar General has operated at this location since 1993 (32 years)
  • New Three (3) year lease renewal 6/1/2025, demonstrating commitment to the location
  • Dollar General is an Investment Grade Tenant, Rated "BBB" (S&P)
  • Dollar General is the Nation's Largest Retailer by Store Count with 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: $400,000

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
3.0
Gross SF
8,500
Guarantor
Corporate Guarantee
Rentable SF
8,500
Price/Gross SF
$47.06
Lease Type
Double Net
Rent Per Square Feet
$3.76

Investment Highlights

  • Dollar General has operated at this location since 1993 (32 years)
  • New Three (3) year lease renewal 6/1/2025, demonstrating commitment to the location
  • Dollar General is an Investment Grade Tenant, Rated "BBB" (S&P)
  • Dollar General is the Nation's Largest Retailer by Store Count with 20,000+ Locations

Investment Overview

Marcus & Millichap is pleased to present Dollar General located at 700 S Sycamore Street in Villa Grove, Illinois (Champaign- Urbana MSA). This single-tenant NN leased property features a ±8,500 square foot building situated on a generous ±1.5-acre parcel with excellent frontage along S Sycamore Street the primary thoroughfare of Villa Grove. Dollar General has occupied this property for 32 years (since 1993) and continued to pay increased rent throughout their Tenancy. Dollar General just exercised their Three (3) year lease renewal option demonstrating their commitment to the location. This property presents the investor the opportunity to acquire a BBB investment grade (S&P) tenant with a 32 operating history at a low price point. Located in Douglas County, Villa Grove is a small but important agricultural and commercial area within east-central Illinois, serving as a key retail destination for nearby rural communities. The area benefits from consistent local demand, with Dollar General providing essential goods and convenience for residents. The site offers strong visibility and easy accessibility for local shoppers. The property benefits from its proximity to complementary local businesses and regional service providers, supporting stable retail activity. Additionally, Villa Grove’s location approximately 20 miles south of Champaign reinforces its role as a local hub while benefiting from the economic strength of the greater Champaign-Urbana market.

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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