537 University Pkwy, University Park, IL 60484
10,640 SF | Retail Building | University Park, IL 60484 | $1,747,328 ($164/SF) | 6.55% Cap Rate
For Sale
Active
Asking Price $1,747,328
- Property Type
-
Retail
- Square Feet
- 10,640 SF
- Price / Square Foot
- $164
Listing Contacts
Randy Blankstein
Jimmy Goodman
Property Overview
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General property positioned within the Chicago MSA in University Park, Illinois. The property was constructed in 2023 specifically for Dollar General. The subject lease commenced in August 2023 and features a 15-year term. Additionally, This lease features 5% rental escalations every ?ve years throughout the primary term and four 5-year renewal options. The lease is triple net which presents no landlord responsibilities and is guaranteed by Dollar General Corporation.
The 10,640 square-foot building benefits from its position along University Parkway which connects towns Crete and University Park to Interstate 57 (68,600 VPD). The property is located less than two miles east of Governors State University (GSU), which has over 4,400 students enrolled. Interstate 57 is located immediately west of GSU and features a dense industrial presence that drives daytime population. Notable tenants occupying the corridor include Amazon, Clorox, Georgia Pacific, DHL, DOT Foods, and several others. Furthermore, there are more than 96,000 residents residing within a five-mile radius of the location, with an average household income of $78,162. University Park is located roughly 40 miles south of Chicago.
Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee, which has been in expansion mode for several years. Dollar General offers products that are frequently used and replenished—such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items—at low, everyday prices in convenient neighborhood locations. A leading discount retailer, Dollar General operates more than 18,130 stores in 46 states and has plans for significant future growth.
The 10,640 square-foot building benefits from its position along University Parkway which connects towns Crete and University Park to Interstate 57 (68,600 VPD). The property is located less than two miles east of Governors State University (GSU), which has over 4,400 students enrolled. Interstate 57 is located immediately west of GSU and features a dense industrial presence that drives daytime population. Notable tenants occupying the corridor include Amazon, Clorox, Georgia Pacific, DHL, DOT Foods, and several others. Furthermore, there are more than 96,000 residents residing within a five-mile radius of the location, with an average household income of $78,162. University Park is located roughly 40 miles south of Chicago.
Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee, which has been in expansion mode for several years. Dollar General offers products that are frequently used and replenished—such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items—at low, everyday prices in convenient neighborhood locations. A leading discount retailer, Dollar General operates more than 18,130 stores in 46 states and has plans for significant future growth.
Property Details
- Year Built
- 2023
- Stories
- 1
Highlights
- Positioned within the Chicago MSA – Ranked #3 in the United States for population size
- 5% rental escalations every 5 years (Primary term & Options)
- New construction
- NNN – no landlord responsibilities
- Located along University Parkway (8,100 VPD)
- Less than two miles east of Governors State University (4,400+ students)
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