321 S Walnut St - Freestanding FOR SALE


Tamaroa, IL 62888
$1,066,000 USD
909-456-3476
321 S Walnut St, Tamaroa, IL for Sale
$1,066,000 USD
Freestanding - FOR SALE
1/6
null | 6.5% Cap Rate

321 S Walnut St
Tamaroa, IL 62888


HIGHLIGHTS

  • DOLLAR GENERAL (NYSE: DG) | STRONG FINANCIAL COMPANY | MORE THAN 19,000 STORES ACROSS THE UNITED STATES
  • TENANT COMMITMENT TO LOCATION | ABSOLUTE TRIPLE NET (NNN) LEASE INVESTMENT | LIMITED LANDLORD RESPONSIBILITIES
  • LOCAL MARKET REAL ESTATE ANSWERS CORPORATE SITE CRITERIA | DEMONSTRATES TENANT’S PROFITABILITY AT REGIONAL OR SMALL TOWN LOCATION | LOCATION CLASSIFIE
  • CORPORATE GUARANTEE | INCREASING SALES & PROFIT YEAR OVER YEAR | LEASE EXTENSION DEMONSTRATING TENANT’S COMMITMENT

OVERVIEW

DOLLAR GENERAL (NYSE: DG) | STRONG FINANCIAL COMPANY | MORE THAN 19,000 STORES ACROSS THE UNITED STATES Dollar General has a total store count of 19,000+ stores operating across the US and has commitments to open more “new construction” stores as the company makes efficiency changes with increase of Distribution Centers and the Dollar General “Market” concept. Corporate Guarantee | Dollar General (NYSE: DG) are publicly traded companies that have strong financial fundamentals that demonstrate a recession proof business model for being the “Walmart” to small towns in America. Same Store Sales of the company has grown 4.3%+ year over year with a 10.6% increase in net sales which demonstrates the Tenant’s commitment to store opening. Dollar General will have continued profitability and efficiency throughout it’s system with increase in distribution centers, reducing freight container cost, and increases in product per ticket. TENANT COMMITMENT TO LOCATION | ABSOLUTE TRIPLE NET (NNN) LEASE INVESTMENT | LIMITED LANDLORD RESPONSIBILITIES Lease Extension demonstrates Tenant’s commitment to the location. Limited Landlord Responsibilities – Landlord to Pay Maintenance and Property Tax. 18+ Year Operating History which demonstrates Tenant’s Commitment to the location. Lease is has been recently extended which is another indicator of Tenant’s Commitment to the location. The Lease Features Attractive Rental Every 5 Years which is outside the normal fixed rental Dollar General Corporate Lease. Net Lease that provides as a hedge against inflation. LOCAL MARKET REAL ESTATE ANSWERS CORPORATE SITE CRITERIA | DEMONSTRATES TENANT’S PROFITABILITY AT REGIONAL OR SMALL TOWN LOCATION | LOCATION CLASSIFIED AS WALMART OF SMALL TOWNS Traffic counts of (3,000+ VPD Intersection) per day along State Route 51. Regional or Small Town Demographics allow tenant market share control | Tamaroa, IL too regional and small town for large credit/box tenant such as Walmart which allow Dollar General local market penetration considered as “The Walmart of Small Towns”. Local Elementary Schools & Employers allow for consistent day time and evening traffic which is another reason for Tenant’s Commitment to the location. CORPORATE GUARANTEE | INCREASING SALES & PROFIT YEAR OVER YEAR | LEASE EXTENSION DEMONSTRATING TENANT’S COMMITMENT Lease is guaranteed by the corporate entity Dollar General (NYSE: DG) | Publicly traded backed lease allows for financial transparency along with enhanced credit for better lending options. Strong Financials with year over year sales and profitability increases (***Ask Broker for Details). Recent Lease Extension demonstrates Corporates commitment to the unit and location will continue to add value to the company’s profitability.

FOR SALE DETAILS

PRICE

$1,066,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Tamaroa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

0060

APN/PARCEL ID

2-41-0590-060

ASK ABOUT THIS PROPERTY

Neil NaranValue Net Lease PartnersMore Info
909-456-3476

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Neil NaranValue Net Lease PartnersMore Info
909-456-3476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.