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Dollar General - Viola, IL 1003 13th St 9,100 SF Retail Building Viola, IL 61486 $1,131,000 ($124.29/SF) 7.50% Cap Rate
Investment Highlights
- Exclusive market presence with no competing Dollar Store concepts, solidifying Dollar General’s role as the primary everyday needs retailer for Viola
- Corporate guaranteed lease backed by Dollar General Corporation (NYSE: DG), an investment grade rated tenant (S&P: BBB)
- 3, 5-year renewal options with 10% rental increases at each option period
- Absolute Triple Net (NNN) Lease with zero landlord responsibilities, providing for a truly passive investment.
- Dollar General has a proven, recession-resistant retail concept that targets core customers in smaller communities.
Executive Summary
We are pleased to exclusively offer for sale the 9,100 SF Dollar General located at 1003 13th Street in Viola, IL. This deal includes an Absolute Triple Net (NNN) Dollar General with zero landlord responsibilities, providing for a truly passive and secured investment.
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429 In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429 In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2015
Price
$1,131,000
Price Per SF
$124.29
Cap Rate
7.50%
NOI
$84,825
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.11 AC
Parking
31 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
271’ on 13th Street
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $264,280 | |
| Land Assessment | $16,970 | Total Assessment | $281,250 |
Property Taxes
Parcel Numbers
Land Assessment
$16,970
Improvements Assessment
$264,280
Total Assessment
$281,250
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Dollar General - Viola, IL | 1003 13th St
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