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764 S Blanche St
Mounds, IL 62964
Dollar General · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Close proximity to Interstate 57 which links Mounds to Chicago, IL to north and Sikeston, MO to the south
- Close proximity with the nearest Walmart located 27 miles from the property
EXECUTIVE SUMMARY
Dollar General is an investment grade rated tenant (S&P: BBB). 5 years remaining on lease renewal. 10% rental escalations in each renewal option period. Minimal landlord responsibilities - Dollar General fully reimburses for CAM. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization of approximately $29 billion. Dollar General has had 35 consecutive years of same store sales growth proving to be resistant to both difficult economic times and e-commerce.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2010
Price
$1,127,484
Price Per SF
$125.08
Cap Rate
7.75%
NOI
$87,380
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.51 AC
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | 07-22-200-054 | Improvements Assessment | $298,422 |
| Land Assessment | $2,890 | Total Assessment | $301,312 |
PROPERTY TAXES
Parcel Number
07-22-200-054
Land Assessment
$2,890
Improvements Assessment
$298,422
Total Assessment
$301,312
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