Dollar General | Corp NNN w/ 6+ Yrs | 1549 Lake Park Dr
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Dollar General | Corp NNN w/ 6+ Yrs 1549 Lake Park Dr
9,014 SF Retail Building Germantown, IL 62245 $1,635,601 CAD ($181 CAD/SF) 6.85% Cap Rate
Investment Highlights
- Recently Extended Lease | 6+ Years Remaining Scheduled Rental Increases | Corporate Guaranteed
- Demographics in 5-Mile Trade Area
- Located Along Lake Park Drive | Centralized Location | Strong National & Regional Tenants | Limited Competition
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, corporate guaranteed, Dollar General investment property located in Germantown, IL. The tenant, Dolgencorp, LLC, recently extended their lease through November 2029, demonstrating their long-term commitment to the site. The lease features scheduled rental increases at the beginning of each 3 (5-year) option periods, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Dollar General is a nationally recognized and established discount store chain with over 19,000 stores in operation.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2009
Price
$1,635,601 CAD
Price Per SF
$181 CAD
Cap Rate
6.85%
NOI
$112,039 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.43 AC
Zoning
Commercial
Parking
36 Spaces (3.99 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 12-11-04-300-055 | Improvements Assessment | $346,328 CAD |
| Land Assessment | $49,102 CAD | Total Assessment | $395,430 CAD |
PROPERTY TAXES
Parcel Number
12-11-04-300-055
Land Assessment
$49,102 CAD
Improvements Assessment
$346,328 CAD
Total Assessment
$395,430 CAD
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Dollar General | Corp NNN w/ 6+ Yrs | 1549 Lake Park Dr
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