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Dollar General - Smithton, IL

4037 IL-159, Smithton, IL 62285

Listing Price: $625,000

Cap Rate
7.49%
Tenant Name
Dollar General
Years Remaining On Lease
4.9
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$69.34
Lease Type
Double Net
Rent Per Square Feet
$5.19

Investment Overview

The Hurd Net Lease Group at Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 4037 IL-159 Smithton, Illinois. The site was renovated for Dollar General in 2005 and consists of 9,014 rentable square feet. This investment is being offered at $625,000, which represents a 7.49 percent capitalization rate.

Dollar General has 5.3 years remaining on a corporately guaranteed, double net lease after a recent lease extension. Additionally, there are four, five-year renewal options with favorable rental increases in each. Dollar General pays $0.25/square foot as sole contribution for parking lot and lawn maintenance. Dollar General reimburses in full for taxes, insurance, and snow removal, and is also responsible for minor repairs less than $750 per occurrence.

Smithton has a population of 3,816, which has increased 58% since 2000 (2,248). The population is projected to continue to rise in the one-, three- and five-mile radius. Dollar General benefits from strong economics with average household income of 75K. Smithton, Illinois is located 22 Miles from downtown Saint Louis; about a 30-minute drive.

Investment Highlights

  • New HVAC Units In 2017
  • 5 Years Remain On NN Lease Agreement
  • Four, Five Year Options Remaining
  • 9,014 Square Foot Build; 2005 Built To Suit
  • Dollar General Responsible For CAM & Insurance
  • 22 Miles From Downtown Saint Louis, 30 Minute Commute To Downtown

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Financing By

Discount

Dollar General - Smithton, IL

Listing Price: $625,000

Cap Rate
7.49%
Tenant Name
Dollar General
Years Remaining On Lease
4.9
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$69.34
Lease Type
Double Net
Rent Per Square Feet
$5.19

Investment Highlights

  • New HVAC Units In 2017
  • 5 Years Remain On NN Lease Agreement
  • Four, Five Year Options Remaining
  • 9,014 Square Foot Build; 2005 Built To Suit
  • Dollar General Responsible For CAM & Insurance
  • 22 Miles From Downtown Saint Louis, 30 Minute Commute To Downtown

Investment Overview

The Hurd Net Lease Group at Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 4037 IL-159 Smithton, Illinois. The site was renovated for Dollar General in 2005 and consists of 9,014 rentable square feet. This investment is being offered at $625,000, which represents a 7.49 percent capitalization rate.

Dollar General has 5.3 years remaining on a corporately guaranteed, double net lease after a recent lease extension. Additionally, there are four, five-year renewal options with favorable rental increases in each. Dollar General pays $0.25/square foot as sole contribution for parking lot and lawn maintenance. Dollar General reimburses in full for taxes, insurance, and snow removal, and is also responsible for minor repairs less than $750 per occurrence.

Smithton has a population of 3,816, which has increased 58% since 2000 (2,248). The population is projected to continue to rise in the one-, three- and five-mile radius. Dollar General benefits from strong economics with average household income of 75K. Smithton, Illinois is located 22 Miles from downtown Saint Louis; about a 30-minute drive.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

Financing By

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