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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

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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

Year Built/Renovated

2003/2022

Price

$617,140

Price Per SF

$75.96

Cap Rate

NOI

$43,200

Tenancy

Single

Building Height

1 Story

Building FAR

0.31

Lot Size

0.61 AC

Opportunity Zone

Yes

Zoning

Frontage

165’ on Broadway St

MAJOR TENANTS

Retailer
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DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.