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450 W Cumberland Rd 10,566 SF Retail Building Brownstown, IL 62418 $1,350,000 ($127.77/SF) 6.85% Cap Rate
Investment Highlights
- Absolute NNN lease with no landlord operating responsibilities.
- Constructed in 2022 with modern building systems and improvements.
- Three five-year renewal options with 10% rent increases.
- Corporate Dollar General tenancy with lease term through September 2037.
- Located along U.S. Route 40 with access to Interstate 70 nearby.
- Adjacent to the Fayette County Fairgrounds.
Executive Summary
The opportunity consists of a corporate-guaranteed Dollar General investment located at 450 W Cumberland Road in Brownstown, Illinois. Constructed in 2022, the property is leased to Dollar General under an absolute net lease structure, providing investors with a passive ownership profile with tenant responsibility for taxes, insurance, maintenance, roof, parking lot, HVAC, and CAM expenses. The lease extends through September 30, 2037, with approximately 11 years of remaining term and three additional five-year renewal options featuring 10% rental increases at each option period.
Positioned along U.S. Route 40, one of the primary transportation corridors serving the Brownstown area, the property benefits from direct visibility and accessibility within the local trade area. The location is approximately two miles from the Interstate 70 interchange, providing regional connectivity across southern Illinois and access to surrounding communities. The site is adjacent to the Fayette County Fairgrounds and serves a market characterized by limited immediate retail competition, supporting the property's role as a convenient retail destination for area residents.
Dollar General is one of the largest discount retailers in the United States, operating thousands of locations nationwide and maintaining a long-standing presence in rural and small-town markets. The combination of a newer construction asset, long-term corporate tenancy, absolute net lease structure, and contractual rent growth through renewal options presents an opportunity for investors seeking predictable income backed by a nationally recognized retailer.
Positioned along U.S. Route 40, one of the primary transportation corridors serving the Brownstown area, the property benefits from direct visibility and accessibility within the local trade area. The location is approximately two miles from the Interstate 70 interchange, providing regional connectivity across southern Illinois and access to surrounding communities. The site is adjacent to the Fayette County Fairgrounds and serves a market characterized by limited immediate retail competition, supporting the property's role as a convenient retail destination for area residents.
Dollar General is one of the largest discount retailers in the United States, operating thousands of locations nationwide and maintaining a long-standing presence in rural and small-town markets. The combination of a newer construction asset, long-term corporate tenancy, absolute net lease structure, and contractual rent growth through renewal options presents an opportunity for investors seeking predictable income backed by a nationally recognized retailer.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
10,566 SF
Year Built
2022
Price
$1,350,000
Price Per SF
$127.77
Cap Rate
6.85%
NOI
$92,475
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.55 AC
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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