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Dollar General 700 S Sycamore St 8,500 SF Retail Building Villa Grove, IL 61956 $250,000 ($29.41/SF) 9.08% Cap Rate
Investment Highlights
- Dollar General has operated at this location since 1993 (33 years)
- Dollar General is Rated Investment Grade "BBB" by S&P
- DG just exercised their last 3 year option, demonstrating its commitment to the location
Executive Summary
Marcus & Millichap is pleased to present Dollar General located at 700 S Sycamore Street in Villa Grove, Illinois (Champaign- Urbana MSA).
This single-tenant gross leased property features a ±8,500 square foot building situated on a generous ±1.5-acre parcel with excellent frontage
along S Sycamore Street the primary thoroughfare of Villa Grove.
Dollar General has occupied this property for 33 years (since 1993) and continued to pay increased rent throughout their Tenancy.
Dollar General just exercised their Three (3) year lease renewal option, demonstrating their commitment to the location.
Located in Douglas County, Villa Grove is a small but important agricultural and commercial area within east-central Illinois, serving as a key
retail destination for nearby rural communities. The area benefits from consistent local demand, with Dollar General providing essential goods
and convenience for residents.
The site offers strong visibility and easy accessibility for local shoppers. The property benefits from its proximity to complementary local
businesses and regional service providers, supporting stable retail activity. Additionally, Villa Grove’s location approximately 20 miles south of
Champaign reinforces its role as a local hub while benefiting from the economic strength of the greater Champaign-Urbana market.
This single-tenant gross leased property features a ±8,500 square foot building situated on a generous ±1.5-acre parcel with excellent frontage
along S Sycamore Street the primary thoroughfare of Villa Grove.
Dollar General has occupied this property for 33 years (since 1993) and continued to pay increased rent throughout their Tenancy.
Dollar General just exercised their Three (3) year lease renewal option, demonstrating their commitment to the location.
Located in Douglas County, Villa Grove is a small but important agricultural and commercial area within east-central Illinois, serving as a key
retail destination for nearby rural communities. The area benefits from consistent local demand, with Dollar General providing essential goods
and convenience for residents.
The site offers strong visibility and easy accessibility for local shoppers. The property benefits from its proximity to complementary local
businesses and regional service providers, supporting stable retail activity. Additionally, Villa Grove’s location approximately 20 miles south of
Champaign reinforces its role as a local hub while benefiting from the economic strength of the greater Champaign-Urbana market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,500 SF
Building Class
B
Year Built
1968
Price
$250,000
Price Per SF
$29.41
Cap Rate
9.08%
NOI
$22,695
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.50 AC
Frontage
304’ on Sycamore St
Property Taxes
| Parcel Number | 04-03-10-400-004 | Improvements Assessment | $53,482 |
| Land Assessment | $7,026 | Total Assessment | $60,508 |
Property Taxes
Parcel Number
04-03-10-400-004
Land Assessment
$7,026
Improvements Assessment
$53,482
Total Assessment
$60,508
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Dollar General | 700 S Sycamore St
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