The Hurd Net Lease Group with Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 107 East Dixon Street in Polo, Illinois. The investment is being offered at a 9.03% cap rate which represents a price of $825,000.
The subject property is a retrofitted 9,900 square-foot store that has been occupied by Dollar General since 2009. The lease is structured as a double net with over five years of term remaining and includes three, five-year renewal options, each featuring a 10% rental increase. Under the terms of this double net lease, the tenant is responsible for taxes, insurance, all HVAC repairs and replacements, and contributes $340 per month for common area maintenance. The landlord is responsible for the roof, structure, and parking lot replacement.
The site is centrally located in Polo, just off Dixon Street, which connects to the town’s busiest road, seeing over 4,000 vehicles daily. The Polo City Council is dedicated to fostering economic growth, recently approving a $170,000 project aimed at attracting new businesses to the area. Additionally, the property is situated within 6.5 miles of White Pines Forest State Park, a popular destination that attracts over 350,000 visitors annually.