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Dollar General 421 Broadway St 8,125 SF Retail Building Mount Vernon, IL 62864 $617,140 ($75.96/SF) 7% Cap Rate



Investment Highlights
- Long Term Tenant
- Investment Grade Credit
- Recession Resistant Tenant
- Attractive Rent Increases
- Strategic Location
- Traffic Counts
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 421 Broadway Street in Mount Vernon, Illinois (the “Property”). Dollar General has operated at this location since 2003 and has proactively exercised multiple early renewal options, underscoring its commitment to the site and the market. Dollar General has 4+ years remaining on their lease with two (2), 5-year renewal options. The lease features rent increases at the start of each renewal option. The Property is strategically situated along Broadway Street (IL Route 15) in Mount Vernon, offering strong frontage and visibility. It is positioned near the heart of Mount Vernon, close to local schools, retail establishments, and healthcare facilities. The location is easily accessible from surrounding residential neighborhoods, providing a built-in customer base. Mount Vernon is situated in southern Illinois at the intersection of Interstates 57 and 64, offering convenient regional connectivity to nearby cities such as Effingham, Marion, and Centralia.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,125 SF
Building Class
B
Year Built/Renovated
2003/2022
Price
$617,140
Price Per SF
$75.96
Cap Rate
7%
NOI
$43,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.61 AC
Opportunity Zone
Yes
Zoning
GC
Frontage
165’ on Broadway St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-29-454-014 | Improvements Assessment | $179,355 |
| Land Assessment | $21,832 | Total Assessment | $201,187 |
Property Taxes
Parcel Number
07-29-454-014
Land Assessment
$21,832
Improvements Assessment
$179,355
Total Assessment
$201,187
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Dollar General | 421 Broadway St
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