Dollar General | 1217 Us Highway 45 N
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Dollar General 1217 Us Highway 45 N
12,000 SF Retail Building Eldorado, IL 62930 $333,105 CAD ($28 CAD/SF) 10.69% Cap Rate
Investment Highlights
- Lowest price Dollar General on the market in the U.S.
- Dollar General has 30 years of occupancy at the property
- Building offers remaining +-1,500 SF vacant space which may be potentially leased out to a third party tenant to add value
- Exceptionally low, replaceable "gross" rental rate of just $3.43 PSF
- One remaining 5-year option with a 13.3% increase
- Price reduced to $235,000 / 10.7% cap
Executive Summary
Price reduced! Now offered at $235,000 / 10.7% cap
Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale the lowest price point Dollar General property in the U.S. The property is being offered far below replacement cost. The commercial/retail building is in Eldorado, Illinois and leased predominantly to Dollar General. The Dollar General lease is structured on a “modified gross” basis and Dollar General has occupied the Property continuously for more than 30 years. Commencing in May 1994, Dollar General initially leased 6,000 square feet, or approximately half of the total building area. Indicating a strong commitment to the site, Dollar General expanded into additional space, which now totals approximately 10,500 square feet out of the approximately 12,000 square feet of total building area. In addition, Dollar General has continued to renew its lease which includes a new five (5)-year lease extension which commenced May 1, 2023 through April 30, 2028.
Transwestern National Net Lease | Sale Leaseback Group is pleased to present for sale the lowest price point Dollar General property in the U.S. The property is being offered far below replacement cost. The commercial/retail building is in Eldorado, Illinois and leased predominantly to Dollar General. The Dollar General lease is structured on a “modified gross” basis and Dollar General has occupied the Property continuously for more than 30 years. Commencing in May 1994, Dollar General initially leased 6,000 square feet, or approximately half of the total building area. Indicating a strong commitment to the site, Dollar General expanded into additional space, which now totals approximately 10,500 square feet out of the approximately 12,000 square feet of total building area. In addition, Dollar General has continued to renew its lease which includes a new five (5)-year lease extension which commenced May 1, 2023 through April 30, 2028.
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built
1950
Price
$333,105 CAD
Price Per SF
$28 CAD
Cap Rate
10.69%
NOI
$35,596 CAD
Tenancy
Single
Building Height
1 Story
PROPERTY TAXES
| Parcel Number | 04-1-166-05 | Total Assessment | $91,968 CAD (2023) |
| Land Assessment | $32,582 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $59,386 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
04-1-166-05
Land Assessment
$32,582 CAD (2023)
Improvements Assessment
$59,386 CAD (2023)
Total Assessment
$91,968 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
-
Bill Behr -
Gavin Behr -
Transwestern Real Estate Services
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Dollar General | 1217 Us Highway 45 N
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