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Dollar General 3419 N Prospect Ave 8,640 SF Retail Building Peoria, IL 61603 $677,350 ($78.40/SF) 8.75% Cap Rate



INVESTMENT HIGHLIGHTS
- Top 27% Dollar General in Illinois and top 35% store nationwide (Placer.Ai), reflecting above average customer traffic.
- Two remaining options with increases.
- Long term operating history at the site of 22+ years.
- Attractive basis with below market rent of $6.86/SF and being below replacement cost.
- Surrounding retailers include Shell, Walgreens, McDonald’s, Starbucks, Sherwin Williams, Rent One, Domino’s, Pizza Hut, Jimmy John’s, and Dunkin’.
EXECUTIVE SUMMARY
Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a Dollar General property located at 3419 N Prospect Road in Peoria, Illinois. The subject property is leased to DG Retail, LLC, a wholly owned subsidiary of Dollar General Corporation (NYSE: DG), which operates approximately 20,000 locations nationwide.
The building consists of 8,640 square feet with excellent visibility and access, including a dedicated pylon sign at the corner of Prospect and Wilson and a full left-in, left-out turn lane. Surrounding national retailers include Shell, Walgreens, McDonald’s, Starbucks, Sherwin Williams, Domino’s, Pizza Hut, Jimmy John’s, Dunkin’, and Rent One, reinforcing the strength of the trade corridor. According to Placer.ai, this store ranks in the top 27% of Dollar General locations in Illinois, demonstrating strong customer traffic and performance.
Improvements to the roof were made in 2025, with warranty coverage through 2028. An HVAC unit was replaced in 2022, and work was completed on the parking lot in 2024, offering reduced capital expenditure exposure. This offering represents an opportunity to acquire a corporate Dollar General property at an attractive basis below market rent and below replacement cost.
The building consists of 8,640 square feet with excellent visibility and access, including a dedicated pylon sign at the corner of Prospect and Wilson and a full left-in, left-out turn lane. Surrounding national retailers include Shell, Walgreens, McDonald’s, Starbucks, Sherwin Williams, Domino’s, Pizza Hut, Jimmy John’s, Dunkin’, and Rent One, reinforcing the strength of the trade corridor. According to Placer.ai, this store ranks in the top 27% of Dollar General locations in Illinois, demonstrating strong customer traffic and performance.
Improvements to the roof were made in 2025, with warranty coverage through 2028. An HVAC unit was replaced in 2022, and work was completed on the parking lot in 2024, offering reduced capital expenditure exposure. This offering represents an opportunity to acquire a corporate Dollar General property at an attractive basis below market rent and below replacement cost.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
8,640 SF
Building Class
C
Year Built
1980
Price
$677,350
Price Per SF
$78.40
Cap Rate
8.75%
NOI
$59,268
Tenancy
Single
Building Height
1 Story
Building FAR
0.52
Lot Size
0.38 AC
Zoning
B
Frontage
60’ on Prospect Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-27-334-015 | Improvements Assessment | $198,060 |
| Land Assessment | $24,580 | Total Assessment | $222,640 |
PROPERTY TAXES
Parcel Number
14-27-334-015
Land Assessment
$24,580
Improvements Assessment
$198,060
Total Assessment
$222,640
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Dollar General | 3419 N Prospect Ave
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