7541 State Route 3 - Freestanding FOR SALE


Evansville, IL 62242
$1,110,000 USD
909-456-3476
7541 State Route 3, Evansville, IL for Sale
$1,110,000 USD
Freestanding - FOR SALE
1/6
null | 6.5% Cap Rate

7541 State Route 3
Evansville, IL 62242


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 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 EVANSVILLE, IL Evansville is an agriculturally oriented trading and service center, and is also the location of a relatively large grain loading facility, operated by Gateway Farm Service. Evansville is becoming more of a residence center for community workers. The community is well situated with respect to the prospects of benefiting from the development of Randolph County’s resources in the future. KASKASKIA RIVER The most clearly visible prospect for Evansville is to reap some of the benefits from the continuing trend for recreation and travel. It is near the Mississippi River. Being situated on the Kaskaskia River and near scenic spots in the Kaskaskia Bluffs, it is a prime spot for recreation development. RANDOLPH COUNTY, IL Evansville is a village in Randolph County, Illinois, United States, on the banks of the Kaskaskia River. The population was 547 at the 2020 census. As of the census[6] of 2000, there were 724 people, 298 households, and 191 families residing in the village. The population density was 976.9 inhabitants per square mile (377.2/km2). There were 317 housing units at an average density of 427.7 units per square mile (165.1 units/km2). The racial makeup of the village was 98.90% White, 0.41% African American, 0.14% Asian, 0.28% Pacific Islander, and 0.28% from two or more races. Hispanic or Latino of any race were 0.69% of the population.

FOR SALE DETAILS

PRICE

$1,110,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Evansville, IL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

-

APN/PARCEL ID

14-082-031-00

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.