111 S Old Route 66 - Storefront FOR SALE


Mount Olive, IL 62069
$465,000 USD
314-889-2555
111 S Old Route 66, Mount Olive, IL for Sale
$465,000 USD
Storefront - FOR SALE
1/2
null | 9.89% Cap Rate

111 S Old Route 66
Mount Olive, IL 62069


HIGHLIGHTS

  • Dollar General Has Successfully Operated at This Location for 25 Years Since Opening in 2000
  • Double Net Lease With Limited Landlord Responsibilities and Favorable Reimbursements to the Landlord
  • Investment-Grade Tenant Rated ‘BBB
  • Dollar General Is the Nation’s Largest Retailer by Store Count, Operating Over 20,000 Locations in the U.S.

OVERVIEW

Marcus & Millichap is pleased to present the Dollar General located at 111 S Old Route 66 in Mount Olive, Illinois. Located in Macoupin County, Mount Olive sits along the historic Route 66 corridor in Southern Illinois, providing a unique blend of small-town stability and regional accessibility. The community is supported by steady local demand, with Dollar General serving as a primary destination for daily household essentials. Built in 2000, this single-tenant property has been operating successfully at this location for over 25 years, reflecting the tenant’s long-term commitment and consistent performance. The ±10,649 square foot building is situated on a ±0.49-acre parcel with direct frontage along Old Route 66, one of the community’s primary thoroughfares. The site provides excellent visibility and convenient access for area residents and travelers alike. The property also benefits from its position within driving distance of the greater St. Louis MSA, offering access to a larger economic base while maintaining the advantages of a smaller, close-knit market. Surrounding retailers and service providers contribute to a complementary retail environment, further enhancing the property’s long-term investment appeal. INVESTMENT HIGHLIGHTS -Dollar General Has Successfully Operated at This Location for 25 Years Since Opening in 2000 -Double Net Lease With Limited Landlord Responsibilities and Favorable Reimbursements to the Landlord -Investment-Grade Tenant Rated ‘BBB -Dollar General Is the Nation’s Largest Retailer by Store Count, Operating Over 20,000 Locations in the U.S.

FOR SALE DETAILS

PRICE

$465,000 USD

PRICE/SF

$44 USD /SF

CAP RATE

9.89%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

02-002-702-00

ASK ABOUT THIS PROPERTY

Dave SaverinMarcus & MillichapMore Info
314-889-2555

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Dave SaverinMarcus & MillichapMore Info
314-889-2555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.