William MacDonald - Commercial Real Estate Showcase

William MacDonald Property Listings
Investment Associate
Marcus & Millichap Inc
2775 N Ventura Rd
Suite 101
Oxnard, CA 93036

121 S 3rd Street - Dollar General

Greenville, IL 62246-1728 - Bond County Ret Submarket

Property Type:Retail Sub Type:Storefront Status:Existing , Renov 2005 Year Built:-
Building Size:8,375 SF Land Area:.34 AC (15,002 SF)
For Sale Price:$346,136 Price/SF:$41.33
Cap Rate:8.85 %
Parking:40 Surface spaces are available; Ratio of 5.73/1,000 SF

Sale Notes:
The subject property is a 9,000 square-foot building leased to Dollar General, who has a strong operating history at this location. Dollar General recently renewed their NN lease for 5 more years, extending until November 30, 2020. Dollar General has operated at this location since February of 1993. The subject property was renovated in 2005, and is situated on a 0.19 acre lot on the main retail street in Greenville, Illinois.

Dollar General carries an investment grade 'BBB-' rating from Standard & Poor's. Store sales company-wide totaled $16 billion last year.

Dollar General Corporation is the nation' s largest small-box discount retailer. They make shopping for everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations. Dollar General ranks among the largest retailers of top-quality brands made by America' s most-trusted manufacturers, such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg' s, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.

Greenville is located 51 miles east of St. Louis, Missouri. The town is accessible from Interstate 70. This is the only Dollar General within a radius of 17 miles. Within 5 Miles of the subject property the average household income exceeds $60,000.

Marcus & Millichap Inc
William MacDonald
(805) 351-7151

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