1613 S Main St
Eureka, IL 61530
Dollar General · Retail Property For Sale

NEW DOLLAR GENERAL PLUS RELOCATION STORE Brand New 10,566 SF Build to Suit Dollar General Plus in Eureka, IL located on South Main Street (Hwy 117, 8,600 VPD), the county seat of Woodford County in the growing Peoria, IL MSA. This is a relocation store and it is scheduled to open in August 2018. ATTRACTIVE LOCATION Eureka is a community located in the Peoria MSA at the intersection of U.S. 24 (6,900 VPD) and Illinois 117 (8,600 VPD). It is a primary stop on the Ronald Reagan Trail, a series of roads that connect towns in central Illinois that were of importance to Reagan's early life. President Reagan attended and graduated from Eureka College (785 students) which is located in the heart of Eureka. This location is surrounded by a strong trade area that includes national retailers such as Ford, Chevrolet, Ace Hardware, CVS, Subway and Hardee’s. PEORIA MSA Peoria is the central city of the Peoria MSA. and the largest city on the Illinois River. The city is the seventh-most populated in Illinois and the third largest outside the Chicago metropolitan area, with a total MSA population of 380,500. The area is projected to have a total population in 2020 of 400,178. Companies with operations in Peoria include Archer Daniels Midland, Komatsu and Advance Technology Services; and future job growth for the next decade is projected to be 34.34%. Renaissance Park in Peoria is home to the National Center for Agricultural Utilization Research and the Peoria NEXT Innovation Center that provides laboratories, conference and office space for emerging start-up companies. Over $2 billion in research is conducted in Peoria annually. Peoria is also a center for higher education and is home to Illinois Central College (13,049) and Bradley University (5,400). INVESTMENT GRADE TENANT Dollar General is a publicly traded (NYSE: DG) Fortune 500 company that operates over 14,321 locations nationwide with a net worth of over $4 billion. Dollar General is opening 900 locations this year and currently holds an investment grade credit rating of BBB-/Stable with S&P. LONG-TERM CORPORATE NNN LEASE The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. There are 10 percent rent increases in each of the five, 5-year option periods.