38921 N Green Bay Rd
Beach Park, IL 60087
Dollar General · Retail Property For Sale

NEW UPGRADED BRICK CONSTRUCTION Brand New Build to Suit Dollar General located on Green Bay Road (15,500 VPD) in Beach Park, IL in the Chicago MSA. The store has upgraded brick construction and opens in July 2018 RARE RENT INCREASE IN INITIAL LEASE TERM The lease for this location has an extremely rare rent increase in the initial lease term which offers an investor an enhanced return from other Dollar Generals on the market. DENSE AFFLUENT DEMOGRAPHICS The 5-mile population for this location is over 127,657 and the 1-mile average household income is $104,341. ATTRACTIVE LOCATION Beach Park is a thriving affluent suburb of the Chicago MSA. Beach Park is home to the North Point Marina, Illinois' newest and largest marina and the largest freshwater marina in the United States. The surrounding area for this location sits adjacent to the Waukegan National Airport and also boasts four golf courses including the 228-Acre Audubon Signature golf course, ThunderHawk Golf Club, designed by internationally acclaimed golf architect Robert Trent Jones, Jr., located within a mile of the property. CHICAGO MSA With an estimated MSA population of 9.5 million people, the Chicago MSA is the third largest metropolitan area in the U.S. The Chicago MSA is one of the world's largest and most diversified economies, with more than 4 million employees and generating an annual gross regional product of over $561 billion. The region is home to more than 400 major corporate headquarters, including 31 in the Fortune 500, including Boeing, McDonald's, Motorola, Discover Financial Services, United Continental Holdings, Walgreens, and Aon among others LONG-TERM CORPORATE NNN LEASE The subject property has a 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. There is a rare 3 percent rent increase in year 11 of the initial lease term and 10 percent rent increases in each of the five, 5-year option periods. INVESTMENT GRADE TENANT Dollar General is a publicly traded (NYSE: DG) Fortune 500 company that operates over 14,321 locations nationwide with a net worth of over four billion. Dollar General is opening 900 locations this year and currently holds an investment grade credit rating of BBB-/Stable with S&P.