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2015 N Grand Avenue E - Dollar General, Springfield, IL

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2015 N Grand Avenue E - Dollar General

Springfield, IL 62702


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:13,709 SF Land Area:1.57 AC (68,389 SF)
For Sale Price:$1,090,909 Price/SF:$79.58
Cap Rate:8.25 %


Dollar General store

Sale Notes:
The subject property has a 10-year Double Net (NN) Corporate Guaranteed Lease with Dollar General. The Tenant has shown long term commitment to this location by extending the lease more than three (3) years in advance of expiration, adding five (5) years of term. Tenant completed a renovation of the property in 2009 and expanded in to the entire 13,709 SF space. This type of expansion and square footage is reserved for markets where Dollar General is performing well above the national average.

Marcus & Millichap Inc
Darpan Patel
(513) 878-7723

  
Marcus & Millichap
Steven D Weinstock
(630) 570-2200




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