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Dollar General 111 S Old Route 66 10,649 SF Retail Building Mount Olive, IL 62069 $465,000 ($43.67/SF) 9.89% Cap Rate
Investment Highlights
- Dollar General Has Successfully Operated at This Location for 25 Years Since Opening in 2000
- Investment-Grade Tenant Rated ‘BBB
- Double Net Lease With Limited Landlord Responsibilities and Favorable Reimbursements to the Landlord
- Dollar General Is the Nation’s Largest Retailer by Store Count, Operating Over 20,000 Locations in the U.S.
Executive Summary
Marcus & Millichap is pleased to present the Dollar General located at 111 S Old Route 66 in Mount Olive, Illinois.
Located in Macoupin County, Mount Olive sits along the historic Route 66 corridor in Southern Illinois, providing a unique blend of small-town stability and regional accessibility. The community is supported by steady local demand, with Dollar General serving as a primary destination for daily household essentials.
Built in 2000, this single-tenant property has been operating successfully at this location for over 25 years, reflecting the tenant’s long-term
commitment and consistent performance. The ±10,649 square foot building is situated on a ±0.49-acre parcel with direct frontage along Old
Route 66, one of the community’s primary thoroughfares. The site provides excellent visibility and convenient access for area residents and
travelers alike.
The property also benefits from its position within driving distance of the greater St. Louis MSA, offering access to a larger economic base while
maintaining the advantages of a smaller, close-knit market. Surrounding retailers and service providers contribute to a complementary retail environment, further enhancing the property’s long-term investment appeal.
INVESTMENT HIGHLIGHTS
-Dollar General Has Successfully Operated at This Location for 25 Years Since Opening in 2000
-Double Net Lease With Limited Landlord Responsibilities and Favorable Reimbursements to the Landlord
-Investment-Grade Tenant Rated ‘BBB
-Dollar General Is the Nation’s Largest Retailer by Store Count, Operating Over 20,000 Locations in the U.S.
Located in Macoupin County, Mount Olive sits along the historic Route 66 corridor in Southern Illinois, providing a unique blend of small-town stability and regional accessibility. The community is supported by steady local demand, with Dollar General serving as a primary destination for daily household essentials.
Built in 2000, this single-tenant property has been operating successfully at this location for over 25 years, reflecting the tenant’s long-term
commitment and consistent performance. The ±10,649 square foot building is situated on a ±0.49-acre parcel with direct frontage along Old
Route 66, one of the community’s primary thoroughfares. The site provides excellent visibility and convenient access for area residents and
travelers alike.
The property also benefits from its position within driving distance of the greater St. Louis MSA, offering access to a larger economic base while
maintaining the advantages of a smaller, close-knit market. Surrounding retailers and service providers contribute to a complementary retail environment, further enhancing the property’s long-term investment appeal.
INVESTMENT HIGHLIGHTS
-Dollar General Has Successfully Operated at This Location for 25 Years Since Opening in 2000
-Double Net Lease With Limited Landlord Responsibilities and Favorable Reimbursements to the Landlord
-Investment-Grade Tenant Rated ‘BBB
-Dollar General Is the Nation’s Largest Retailer by Store Count, Operating Over 20,000 Locations in the U.S.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,649 SF
Building Class
C
Year Built
2000
Price
$465,000
Price Per SF
$43.67
Cap Rate
9.89%
NOI
$45,990
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.50
Lot Size
0.49 AC
Frontage
140’ on 1ST SOUTH ST
Property Taxes
| Parcel Number | 02-002-702-00 | Improvements Assessment | $12,970 |
| Land Assessment | $5,808 | Total Assessment | $18,778 |
Property Taxes
Parcel Number
02-002-702-00
Land Assessment
$5,808
Improvements Assessment
$12,970
Total Assessment
$18,778
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Dollar General | 111 S Old Route 66
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