520 Veterans Memorial Dr - Freestanding FOR SALE


Livingston, IL 62058
$1,277,000 USD
312-279-5342
520 Veterans Memorial Dr, Livingston, IL for Sale
$1,277,000 USD
Freestanding - FOR SALE
1/5
null | 6.75% Cap Rate

520 Veterans Memorial Dr
Livingston, IL 62058


HIGHLIGHTS

  • 9+ Years Remaining | Scheduled Rental Increases | NNN Leased | Corporate Guaranteed | Well-Known & Established Brand | Strong Store Sales
  • Hard Corner Intersection | Centralized Location | I-55 Visibility Strong Regional Tenant Presence | Limited Competition
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding Dollar General investment property located in Livingston, IL. The tenant, DG Retail, LLC, has over 9 years of firm term remaining with an additional 3 (5-year) option periods left to extend. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (S&P: BBB) and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Dollar General is a nationally recognized and established discount store brand with over 20,000 stores in operation. Dollar General is strategically located at the hard corner intersection of Nicholls Street and Henry Street. The property also benefits from nearby access onto Interstate 55 (27,900 VPD), making this a centralized location with easy commutes for employees and customers. The surrounding tenants include Livingston Grocery, Country Inn Café & Motel, Pink Elephant Antique Mall, Twistee Treat Diner, Hard Dog Café, and others. The strong regional tenant presence drives a steady stream of loyal, local consumers to the trade area and provides crossover store exposure. Furthermore, the subject is the only variety store in the trade area, creating a large consumer draw with virtually no competition. The 5-mile trade area is supported by over 8,500 residents and 4,900 daytime employees, with an average household income of $75,519.

FOR SALE DETAILS

PRICE

$1,277,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

Commercial

APN/PARCEL ID

08-1-05-15-03-301-007,08-1-05-15-03-301-008,08-1-05-15-03-301-009

ASK ABOUT THIS PROPERTY

Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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