Dollar General 520 Veterans Memorial Dr 9,002 SF Retail Building Livingston, IL 62058 $1,277,000 ($141.86/SF) 6.75% Cap Rate

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding Dollar General investment property located in Livingston, IL. The tenant, DG Retail, LLC, has over 9 years of firm term remaining with an additional 3 (5-year) option periods left to extend. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (S&P: BBB) and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Dollar General is a nationally recognized and established discount store brand with over 20,000 stores in operation.
Dollar General is strategically located at the hard corner intersection of Nicholls Street and Henry Street. The property also benefits from nearby access onto Interstate 55 (27,900 VPD), making this a centralized location with easy commutes for employees and customers. The surrounding tenants include Livingston Grocery, Country Inn Café & Motel, Pink Elephant Antique Mall, Twistee Treat Diner, Hard Dog Café, and others. The strong regional tenant presence drives a steady stream of loyal, local consumers to the trade area and provides crossover store exposure. Furthermore, the subject is the only variety store in the trade area, creating a large consumer draw with virtually no competition. The 5-mile trade area is supported by over 8,500 residents and 4,900 daytime employees, with an average household income of $75,519.