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Cash-Flowing STNL with Corporate Guarantee 505 S Commercial Dr 8,000 SF 100% Leased Retail Building Online Auction Sale Abingdon, IL 61410
INVESTMENT HIGHLIGHTS
- Low-maintenance STNL investment, with a corporate-backed lease with the industry-leading discount retailer Dollar General.
- Direct frontage to Highway 41, with brand exposure to more than 3,800 daily vehicles, with on-site parking for 40 vehicles.
- Neighboring the city’s busiest grocery store, Hi-Lo Grocery, and easily accessible from the local high school, offering consistent customer traffic.
- Longstanding location that has recently demonstrated its commitment to the site with a lease extension through 2030.
- Strong tenant financials, with rising sales and a recent lease extension, ensuring this is a stable, long-term investment.
EXECUTIVE SUMMARY
505 S Commercial Drive in Abingdon, Illinois, offers a low-maintenance, cash-flowing investment that is fully occupied by Dollar General on a NN lease agreement. The property spans a total of 8,000 square feet originally built on 0.53 acres in 2002. The long-standing location has extended its lease through 2030, with a corporate-backed guarantee, ensuring a stable, long-term investment.
Dollar General was founded in 1986 and has since exploded to occupy more than 19,000 US locations, making it among the largest small-box discount retailers in the country. As one of the few Net Lease Retailers within the industry that offer corporate guarantees and a healthy credit rating, Dollar General is the perfect tenant for investors to gain safe leverage. The financial strength of the tenant, with increasing sales and profit year-over-year, coupled with recently signed lease extensions, ensures stability as a long-term investment.
505 S Commercial Drive has direct frontage to Abingdon’s main artery, Highway 41, with visibility to more than 3,800 daily vehicles. It is positioned directly next to the city’s busiest grocery store, Hi-Lo Grocery, and is easily accessible from the local high school, delivering consistent customer traffic. The site is equipped with 40 on-site parking spaces, ideal for welcoming the location's elevated traffic counts.
Property tours are by appointment only. Please contact the listing broker to schedule.
Property Listed by Scott Reid | ParaSell Inc. | IL Licensed Broker #: 471020418
Dollar General was founded in 1986 and has since exploded to occupy more than 19,000 US locations, making it among the largest small-box discount retailers in the country. As one of the few Net Lease Retailers within the industry that offer corporate guarantees and a healthy credit rating, Dollar General is the perfect tenant for investors to gain safe leverage. The financial strength of the tenant, with increasing sales and profit year-over-year, coupled with recently signed lease extensions, ensures stability as a long-term investment.
505 S Commercial Drive has direct frontage to Abingdon’s main artery, Highway 41, with visibility to more than 3,800 daily vehicles. It is positioned directly next to the city’s busiest grocery store, Hi-Lo Grocery, and is easily accessible from the local high school, delivering consistent customer traffic. The site is equipped with 40 on-site parking spaces, ideal for welcoming the location's elevated traffic counts.
Property tours are by appointment only. Please contact the listing broker to schedule.
Property Listed by Scott Reid | ParaSell Inc. | IL Licensed Broker #: 471020418
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.53 AC
Parcel Number
17-04-153-013
Zoning
CORP
Parking
40 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
302’ on S Commercial Dr
AMENITIES
- Pylon Sign
- Signage
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
2,927
3,430
3,746
2020 Population
3,040
3,572
3,928
2029 Population
2,828
3,312
3,613
2024-2029 Projected Population Growth
-3.4%
-3.4%
-3.6%
Daytime Employees
626
635
675
Total Businesses
83
84
92
Average Household Income
$55,715
$55,812
$58,407
Median Household Income
$47,802
$48,546
$50,711
Total Consumer Spending
$31M
$36.4M
$40.6M
Median Age
41.7
42.1
42.8
2024 Households
1,236
1,456
1,591
Percent College Degree or Above
11%
11%
11%
Average Home Value
$84,576
$85,573
$93,292
SALE ADVISORS
SALE ADVISORS
Shawn Behrouz, Associate of Investment Sales
Shawn Behrouz specializes in the acquisition and disposition of single-tenant net lease retail properties, with a sub-specialty in sale-leasebacks and new construction projects nationwide. By leveraging advanced market insights and exceptional sales expertise, he strategically adds value to his clients’ investments. Behrouz combines strong networking skills with a client-focused approach, utilizing Value Net Lease Partners’ tools and resources to connect qualified buyers and sellers across the country and effectively achieve his clients’ financial goals.
Neil Naran, Broker
Neil Naran specializes in the acquisition and disposition of single tenant net lease retail properties. His sub specialty is focused around sale leaseback and new construction throughout the country. By harnessing advanced market insights, exceptional sales expertise, , he strategically adds value to his clients’ investments. He effectively utilizes networking skills, a client-centered approach, and Value Net Lease Partner’s tools & resources to connect with qualified buyers and sellers across the nation, ensuring he executes his clients’ financial objectives.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Cash-Flowing STNL with Corporate Guarantee | 505 S Commercial Dr
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Cash-Flowing STNL with Corporate Guarantee | 505 S Commercial Dr
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