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.