505 S Commercial Dr - Freestanding FOR SALE


Abingdon, IL 61410
$603,133 USD
909-456-3476
505 S Commercial Dr, Abingdon, IL for Sale
$603,133 USD
Freestanding - FOR SALE
1/5
null | 7.5% Cap Rate

505 S Commercial Dr
Abingdon, IL 61410


HIGHLIGHTS

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

OVERVIEW

DOLLAR GENERAL Dollar General (NYSE: DG) is the largest (by store count) small box discount retailer in the United States. Dollar General has a total store count of more than 19,000 with more than 1,000 new store openings in 2023 and 800 New Stores scheduled for 2024 - Indication of Tenant’s Commitment to store efficiency and growth in sales. Dollar General is one of few Net Lease Retailers within the industry that are combined corporately guaranteed and a healthy credit rating making it a perfect tenant to gain safe leverage. Dollar General is a BBB credit rating by Standard & Poor agency. Dollar General’s strategy is to be th “Walmart” of small towns or provide hassle-free experience to customers by providing a carefully crafted assortment of the most popular brands to the consumer. Dollar General is a strong company financially with a 10.6% increase in net sales boasting a total sales of more than $40 Billion (2023) and a same store growth of 4.3%. LOCAL MARKET ABINGDON, IL Abingdon, located in Knox County, IL, boasts a charming, connector city, well-preserved historic downtown area. Lined with brick buildings, quaint shops, and local eateries, downtown Abingdon offers a delightful ambiance for shopping, dining, and leisurely strolls. The City of Abingdon is primarily known for it’s historical Railroad Development and how it played a critical role with the build-out and development of Chicago during the Mid-19th century. With a population of more than 3,500 residents, Residents have the convenience of small-town living while still being within driving distance of larger cities like Peoria, the Quad Cities, and Iowa City. Abingdon hosts a variety of festivals, fairs, and events that bring the community together. PEORIA, IL MSA Peoria is a city located in the state of Illinois and is considered the largest city on the Illinois River with more than 100,000 residents within it’s city’s population. Peoria’s economy has been heavily reliant on manufacturing, particularly in the global production of heavy machinery, such as Caterpillar Inc, one of the world’s largest manufacturers of construction and mining equipment. The city is also accessible by several major highways including Interstate 74 and Interstate 474 which are connectors.

FOR SALE DETAILS

PRICE

$603,133 USD

PRICE/SF

$74 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

CORP

APN/PARCEL ID

17-04-153-013

ASK ABOUT THIS PROPERTY

Neil NaranValue Net Lease PartnersMore Info
909-456-3476

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

Neil NaranValue Net Lease PartnersMore Info
909-456-3476

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