Dollar General – St. Anne, IL
Fortis Net Lease is pleased to present this 9,100 SF. Dollar General store located in St. Anne, Illinois. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently open with rent having commenced on 12/8/2019.
This Dollar General is highly visible as it is strategically positioned on the hard corner of N Sunset Drive and State Route 17 which sees 11,741 cars per day. The ten mile population from the site is 88,130 while the three mile average household income is $72,025 per year, making this location ideal for a Dollar General. 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. List price reflects a 6.4% cap rate based on NOI of $96,585.
• Absolute NNN 15 Year Lease | Zero Landlord Responsibilities
• Located on Hard Corner
• 4 (5 Year) Options | 10% Rental Increase At Each Option
• Three Mile Household Income $72,025
• Ten Mile Population 88,130
• 11,741 Cars Per Day on State Route 17
• Investment Grade Dollar Store with “BBB” Credit Rating
• DG Reported 31 Consecutive Quarter of Same Store Sales Growth
Instate Broker of Record: Wayne Sobczak | Realty World (Tiffany Real Estate) | License #471-000681