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710 E 4th Street - Dollar General, Delavan, IL

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710 E 4th Street - Dollar General

Delavan, IL 61734-9615 - Outlying Tazewell County Submarket

(1.2 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2015
Building Size:10,566 SF Land Area:1.11 AC (48,352 SF)
For Sale Price:$1,256,030 Price/SF:$118.87
Cap Rate:6.40 %
Portfolio:This property is for sale (for $9,953,870) as part of a portfolio of 8 properties.

Sale Notes:
The Boulder Group is pleased to exclusively market for sale a single tenant, new construction, net leased Dollar General
property located in Delavan, IL. Delavan is part of the Peoria Metropolitan Statistical Area. The 10,566 square foot Dollar
General is strategically located along East 4th Street which is the primary thoroughfare in the trade area. This store is a
relocation of a previously successful Dollar General. The Dollar General was constructed in 2015. There are over 14 years
remaining on the Dollar General lease which expires on November 30, 2030. The lease features 10% rental escalations in
each of the five 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities.
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 (2015)
• Located along the area’s primary thoroughfare
• Relocation of a previously successful Dollar General store

The Boulder Group
Randy Blankstein
(847) 562-0003

Jimmy Goodman
(847) 562-8500

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