RIPCO REAL ESTATE is pleased to offer for sale DOLLAR GENERAL, a 8,125 SF single-tenant double net lease property occupied by Dollar General, in Okawville, Illinois.
This Dollar General was constructed in 2004 and currently has four years of term left. The asset is located just at the exit off State Highway 177 SE and Interstate 64, which serves as the main entrance to the city of Okawville. Interstate 64 connects St. Louis, Missouri to Louisville, Kentucky. At this crossroads is a combined AADT of 21,195. This site serves as the only dollar store in Okawville, with the closest Dollar General being located over 12 miles away. The site also benefits from being located adjacent to a Road Ranger truck stop which includes 40+ semi truck parking spaces, fueling, convenience store, Burger King, Dairy Queen and Subway. Neighboring the Dollar General is a Super 8 by Wyndham with 40 rooms.
The asset would be an attractive investment opportunity for passive investors looking for a stable cash flow with no landlord responsibilities.