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Dollar General 555 Progressive Ln 8,125 SF Retail Building South Beloit, IL 61080 $750,000 ($92.31/SF) 8% Cap Rate
Investment Highlights
- Single-tenant Dollar General with a corporate-backed NN lease
- Base rent positioned well below prevailing market rates for comparable retail in the submarket
- CoStar traffic count of approximately 15,246 vehicles per day
- Lease runs through 2029 with one remaining 5-year renewal option; the tenant has renewed three times since opening
- Dollar General Corporation (NYSE: DG) — Fortune 500, investment-grade BBB rating (S&P), 21,000+ locations nationwide
- Surrounded by national and regional retailers including ACE Hardware, NAPA Auto Parts, Subway, O’Reilly Auto Parts, Dollar Tree, and Mobil
Executive Summary
This corporate-leased Dollar General has operated successfully at this South Beloit location for more than two decades, with multiple lease renewals demonstrating the tenant’s long-term commitment to the site. Positioned at 555 Progressive Lane just off Blackhawk Boulevard (IL-75), the property offers excellent visibility and a strategic location that draws customers from both Illinois and Wisconsin. Surrounded by a mix of national and regional retailers, the store benefits from steady local demand and a strong, loyal customer base.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,125 SF
Building Class
C
Year Built
2004
Price
$750,000
Price Per SF
$92.31
Cap Rate
8%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.88 AC
Zoning
Commercial
Parking
40 Spaces (4.92 Spaces per 1,000 SF Leased)
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 | - | - | - |
Property Taxes
| Parcel Number | 04-18-102-003 | Improvements Assessment | $122,754 |
| Land Assessment | $54,343 | Total Assessment | $177,097 |
Property Taxes
Parcel Number
04-18-102-003
Land Assessment
$54,343
Improvements Assessment
$122,754
Total Assessment
$177,097
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Presented by
CPP CRE ILLINOIS, LLC
Dollar General | 555 Progressive Ln
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