Investment Offering
Germantown, IL - Dollar General
1549 Lake Park Dr | Germantown, IL 62245
$1,149,000
Price6.85%
Cap Rate$78,726
NOI2009
Year Built9,014
± SF Offering GLA1.43
± AC Land AreaDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, corporate guaranteed, Dollar General investment property located in Germantown, IL. The tenant, Dolgencorp, LLC, recently extended their lease through November 2029, demonstrating their long-term commitment to the site. The lease features scheduled rental increases at the beginning of each 3 (5-year) option periods, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Dollar General is a nationally recognized and established discount store chain with over 19,000 stores in operation.
Location
Dollar General is strategically located along Lake Park Drive with clear visibility and access to an average of 5,900 vehicles passing by daily. The nearby tenants consist of Jansen Chevrolet, FitZone 161, Valbo’s Restaurant, The Alibi, Germantown Trust & Savings Bank, and others. The surrounding national and regional tenant presence drives a steady stream of loyal, local consumers and promotes crossover store exposure. In addition, the subject is among the very few variety stores in the nearby trade area, creating a large consumer draw for the site with virtually no competition. The 5-mile trade area is supported by over 10,500 residents and 4,600 daytime employees, with a healthy average household income of $98,071.
Documents & Links
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 Offering Memorandum |  |  |