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1107 N Santa Fe Avenue - Dollar General, Princeville, IL

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1107 N Santa Fe Avenue - Dollar General

Princeville, IL 61559 - Outlying Peoria County Submarket

(1.0 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2016
Building Size:9,026 SF Land Area:1.37 AC (59,677 SF)
For Sale Price:$1,216,198 Price/SF:$134.74
Cap Rate:6.40 %
Portfolio:This property is for sale (for $11,142,634) as part of a portfolio of 9 properties.

Parcel No. 02-13-200-050

Sale Notes:
The Boulder Group is pleased to exclusively market for sale a single tenant, new construction, net leased Dollar General
property located in Princeville, IL. Princeville is part of the Peoria Metropolitan Statistical Area, and is located just 15 miles
from the city, an urban population center of more than 350,000. The 9,026 square foot Dollar General is strategically
located along Santa Fe Avenue, which is the area’s primary north-south thoroughfare. The Dollar General was constructed
in 2016. There are 15 years remaining on the Dollar General lease which expires on June 30, 2031. The lease features
10% rental escalations in each of the five 5-year renewal option periods. This absolute triple net lease features no landlord
Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB and a Moody’s rating of Baa2.
On June 1, 2016, Moody’s upgraded Dollar General’s credit rating to Baa2 and on October 15, 2015, Standard & Poor’s
upgraded Dollar General from BBB- to BBB. Dollar General is publicly traded on the New York Stock Exchange (DG) with
a market capitalization in excess of $23 billion. As of March 23, 2016, Dollar General operated 12,483 stores located in 43
• Investment grade rated tenant (S&P: BBB)
• Long term lease with approximately 15 years remaining
• 10% rental escalations in each renewal option period
• Absolute triple net lease with no landlord responsibilities
• New construction (2016)
• Located along the trade area’s primary north-south thoroughfare

The Boulder Group
Randy Blankstein
(847) 562-0003

Jimmy Goodman
(847) 562-8500

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