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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
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| 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
Presented by
CPP CRE ILLINOIS, LLC
Dollar General | 555 Progressive Ln
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