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Dollar General | 21 Yr. Occupancy History | Near 600+ Acre Class A Industrial Park

4101 Pontoon Rd, Pontoon Beach, IL 62040

Listing Price: $527,660

Cap Rate
7.05%
Tenant Name
Dollar General
Years Remaining On Lease
5.0
Gross SF
8,250
Guarantor
Corporate Guarantee
Rentable SF
8,250
Price/Gross SF
$63.96
Lease Type
Double Net
Rent Per Square Feet
$4.51

Investment Overview

Marcus & Millichap is pleased to present for sale a Dollar General single-tenant investment offering in Pontoon Beach, Illinois, a community within metro St. Louis. Built in 1999 and renovated in 2017, Dollar General has been operating at this location for more than 21+ years. In March 2021, Dollar General again exercised another five-year renewal option demonstrating commitment to the subject site. Pontoon Beach is predominantly positioned along Interstate 70; Amazon has three fulfillment centers in Edwardsville which is adjacent to Pontoon Beach and just opened a fulfillment center in Pontoon Beach’s Gateway TradePort, a master planned industrial warehouse park which is currently under development comprising of 600+ acres and a planned 7,500,000 square feet of bulk distribution, warehouse & logistics space. This development will be a major economic driver within the community for decades to come. Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.

Investment Highlights

  • Corporate Dollar General Investment – Just Renewed Another Five-Year Renewal Option
  • Major Industrial Warehouse Park Being Developed Nearby With Amazon on 600+ Acres
  • Historical Occupancy-Tenant Has Been at this Location Since 1999
  • Attractive Price Point & Low Price Per Square Foot
  • Sustainable Rental Income with Below Market Average Rent Per Square Foot
  • No Market Competition-This Location Serves as the Main Dry Good and Discount Store in Pontoon Beach

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

Discount

Dollar General | 21 Yr. Occupancy History | Near 600+ Acre Class A Industrial Park

Listing Price: $527,660

Cap Rate
7.05%
Tenant Name
Dollar General
Years Remaining On Lease
5.0
Gross SF
8,250
Guarantor
Corporate Guarantee
Rentable SF
8,250
Price/Gross SF
$63.96
Lease Type
Double Net
Rent Per Square Feet
$4.51

Investment Highlights

  • Corporate Dollar General Investment – Just Renewed Another Five-Year Renewal Option
  • Major Industrial Warehouse Park Being Developed Nearby With Amazon on 600+ Acres
  • Historical Occupancy-Tenant Has Been at this Location Since 1999
  • Attractive Price Point & Low Price Per Square Foot
  • Sustainable Rental Income with Below Market Average Rent Per Square Foot
  • No Market Competition-This Location Serves as the Main Dry Good and Discount Store in Pontoon Beach

Investment Overview

Marcus & Millichap is pleased to present for sale a Dollar General single-tenant investment offering in Pontoon Beach, Illinois, a community within metro St. Louis. Built in 1999 and renovated in 2017, Dollar General has been operating at this location for more than 21+ years. In March 2021, Dollar General again exercised another five-year renewal option demonstrating commitment to the subject site. Pontoon Beach is predominantly positioned along Interstate 70; Amazon has three fulfillment centers in Edwardsville which is adjacent to Pontoon Beach and just opened a fulfillment center in Pontoon Beach’s Gateway TradePort, a master planned industrial warehouse park which is currently under development comprising of 600+ acres and a planned 7,500,000 square feet of bulk distribution, warehouse & logistics space. This development will be a major economic driver within the community for decades to come. Dollar General (NYSE: DG) is one of the largest discount retailers in the US with more than 17,000 stores in 46 states and growing. Dollar General’s market capitalization is more than $50 billion and the company has an investment-grade corporate credit rating through the major rating agencies.

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

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