21 Washington St, Du Quoin, IL 62832
7,040 SF | Retail Building | Du Quoin, IL 62832 | $593,333 ($84/SF) | 9% Cap Rate
Asking Price $593,333
- Property Type
-
Retail
- Square Feet
- 7,040 SF
- Price / Square Foot
- $84
Listing Contacts
- Property Info
Property Overview
Fortis Net Lease is pleased to present this Dollar General store located at 21 S. Washington St, Du Quoin, IL. Encumbered with a 10 Year NN lease that was renewed in May 2015. There are minimal landlord responsibilities and expenses The lease has a corporate guarantee from Dollar General which has a “BBB” S&P rating and is considered an investment grade tenant.
The subject property is strategically located 21 S Washington St. located in downtown Du Quoin situated along Poplar street heading straight through Du Quoin. This location is ranked within the top 15% of all Dollar General's via Placer.ai. The five mile population exceeds 9,351 patrons. The three mile median home value exceeds $81,924 and the five-mile average household income exceeds $63,691. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
The subject property is strategically located 21 S Washington St. located in downtown Du Quoin situated along Poplar street heading straight through Du Quoin. This location is ranked within the top 15% of all Dollar General's via Placer.ai. The five mile population exceeds 9,351 patrons. The three mile median home value exceeds $81,924 and the five-mile average household income exceeds $63,691. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 28,750 SF
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