726 E Main St - Retail FOR SALE


Staunton, IL 62088
$969,000 USD
317-218-5353
726 E Main St, Staunton, IL for Sale
$969,000 USD
Retail - FOR SALE
1/3
null | 7.8% Cap Rate

726 E Main St
Staunton, IL 62088


HIGHLIGHTS

  • Tenant Just Exercised Five-Year Extension | NN Lease with a Corporate Guaranty | Three Five-Year Options with 10% Rental Increases at Each Option
  • Strong Performer | Store Ranks in the 88th Percentile within a 10-Mile Radius (Placer.ai)
  • Staunton is 30 Miles from Downtown St. Louis, MO | Part of the St. Louis MSA with a Population of 2.8 Million

OVERVIEW

Tenant Just Exercised Five-Year Extension | NN Lease with a Corporate Guaranty | Three Five-Year Options with Rental Increases at Each Option Strong Performer | Store Ranks in the 88th Percentile within a 10-Mile Radius (Placer.ai) Two Brand-New HVAC Units (10-Ton Compressor) Installed August 2024 | $32,000 Invested by Seller Frontage on Main Street, Staunton’s Foremost Throughfare | 1.5 Miles from I-55 (31,500 VPD), an Artery into St. Louis, MO Less than One Mile From Two of Staunton’s Top Five Employers: Associated Bank National Association and Community Hospital - Staunton Staunton is 30 Miles from Downtown St. Louis, MO | Part of the St. Louis MSA with a Population of 2.8 Million Investment-Grade Tenant: Dollar General (NYSE: DG) has a BBB Credit Rating From S&P | Dollar General’s 2023 Revenue was $38.69 Billion | Opened Their 20,000th Store in 2024

FOR SALE DETAILS

PRICE

$969,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | St Louis MO MSA

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

Commercial

APN/PARCEL ID

01-000-670-00

ASK ABOUT THIS PROPERTY

Will GorgolMarcus & MillichapMore Info
317-218-5353

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Will GorgolMarcus & MillichapMore Info
317-218-5353

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