421 Broadway St
Mount Vernon, IL 62864
Retail Property For Sale
Investment Highlights
- $300 per Month Rent Increase | January 2025 Newly Remodeled | January 2022 NN Lease | 6.5 Years Remaining Three Mile Household Income | $61,577 Three
Property Facts
About 421 BROADWAY ST , MOUNT VERNON, IL 62864
Fortis Net Lease is pleased to present this 8,125 SF built-to-suit Dollar General store located in Mt Vernon, IL. The property is encumbered with a 10-year NN lease, leaving minimal landlord responsibilities. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently open with rent having commenced in March 2003. This Dollar General is highly visible as it is strategically positioned on Broadway St which sees 7,985 cars per day. The three-mile population from the site is 17,154. While the three-mile average household income is $61,577 per year, making this location ideal for a Dollar General. The subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
Property Taxes
| Parcel Number | 07-29-454-014 | Improvements Assessment | $179,355 |
| Land Assessment | $21,832 | Total Assessment | $201,187 |
Property Taxes
