Dollar General
12,000 SF | Retail Building | Eldorado, IL 62930 | $257,905 ($21/SF) | 10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $257,905
- Property Type
-
Retail
- Square Feet
- 12,000 SF
- Price / Square Foot
- $21
Listing Contacts
Bill Behr
Verified Profile
Gavin Behr
Verified Profile
- Property Info
Property Overview
Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale the lowest price point Dollar General property in the U.S. The property is being offered far below replacement cost. The commercial/retail building is in Eldorado, Illinois and leased predominantly to Dollar General. The Dollar General lease is structured on a “modified gross” basis and Dollar General has occupied the Property continuously for more than 30 years. Commencing in May 1994, Dollar General initially leased 6,000 square feet, or approximately half of the total building area. Indicating a strong commitment to the site, Dollar General expanded into additional space, which now totals approximately 10,500 square feet out of the approximately 12,000 square feet of total building area. In addition, Dollar General has continued to renew its lease which includes a new five (5)-year lease extension which commenced May 1, 2023 through April 30, 2028.
Property Details
- Class
- C
- Year Built
- 1950
- Stories
- 1
- Property Subtype
- Storefront, Freestanding, Storefront Retail/Office
Highlights
- Lowest price Dollar General on the market in the U.S.
- Exceptionally low, replaceable "gross" rental rate of just $3.43 PSF
- Dollar General has 30 years of occupancy at the property
- One remaining 5-year option with a 13.3% increase
- Building offers remaining +-1,500 SF vacant space which may be potentially leased out to a third party tenant to add value
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