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Ullin, IL Dollar General 250 S Locust St 9,026 SF Retail Building Ullin, IL 62992 $1,080,000 ($119.65/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Absolute NNN Lease With 10.8 Years Remaining
- 10% Base Rent Increases at Each Option
- Dollar General is the Nation’s Largest Retailer by Store Count, Operating More Than 20,000 Locations
- Tenant Holds Five (5) Options to Extend the Lease, Each for a Five-Year Term
- Investment-Grade Tenant Rated ‘BBB’
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the Dollar General located at 250 Locust Street in Ullin, Illinois. Located in Pulaski County, Ullin is a rural village in Southern Illinois that benefits from regional draw and proximity to major transportation routes, including Interstate 57. While small in population, the area is supported by agricultural activity, logistics routes, and surrounding communities that rely on national retailers for daily needs.
This single-tenant property features a ±9,026-square-foot building on a ±1.51-acre parcel, offering a significant land-to-building ratio and long-term site flexibility. Built in 2021, the property benefits from modern construction, a long remaining lease term, and strong visibility along Locust Street. The large parcel size presents potential future redevelopment value or expansion optionality. The property is strategically located within driving distance of larger regional hubs, including Cape Girardeau, Missouri, enhancing its accessibility and relevance in the local retail network.
This single-tenant property features a ±9,026-square-foot building on a ±1.51-acre parcel, offering a significant land-to-building ratio and long-term site flexibility. Built in 2021, the property benefits from modern construction, a long remaining lease term, and strong visibility along Locust Street. The large parcel size presents potential future redevelopment value or expansion optionality. The property is strategically located within driving distance of larger regional hubs, including Cape Girardeau, Missouri, enhancing its accessibility and relevance in the local retail network.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2021
Price
$1,080,000
Price Per SF
$119.65
Cap Rate
7.20%
NOI
$77,720
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
8.45 AC
Opportunity Zone
Yes
Zoning
C - General Commercial
Parking
20 Spaces (2.21 Spaces per 1,000 SF Leased)
Frontage
345’ on North Locust Street
PROPERTY TAXES
| Parcel Number | 01-23-400-050-10 | Improvements Assessment | $328,730 |
| Land Assessment | $5,527 | Total Assessment | $334,257 |
PROPERTY TAXES
Parcel Number
01-23-400-050-10
Land Assessment
$5,527
Improvements Assessment
$328,730
Total Assessment
$334,257
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Ullin, IL Dollar General | 250 S Locust St
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