250 S Locust St - Freestanding FOR SALE


Ullin, IL 62992
$1,080,000 USD
314-889-2565
250 S Locust St, Ullin, IL for Sale
$1,080,000 USD
Freestanding - FOR SALE
1/4
null | 7.2% Cap Rate

250 S Locust St
Ullin, IL 62992


HIGHLIGHTS

  • 15-Year Absolute NNN Lease With 10.8 Years Remaining
  • Tenant Holds Five (5) Options to Extend the Lease, Each for a Five-Year Term
  • 10% Base Rent Increases at Each Option
  • Investment-Grade Tenant Rated ‘BBB’
  • Dollar General is the Nation’s Largest Retailer by Store Count, Operating More Than 20,000 Locations

OVERVIEW

Marcus & Millichap is pleased to present the Dollar General located at 250 Locust Street in Ullin, Illinois. Located in Pulaski County, Ullin is a rural village in Southern Illinois that benefits from regional draw and proximity to major transportation routes, including Interstate 57. While small in population, the area is supported by agricultural activity, logistics routes, and surrounding communities that rely on national retailers for daily needs. This single-tenant property features a ±9,026-square-foot building on a ±1.51-acre parcel, offering a significant land-to-building ratio and long-term site flexibility. Built in 2021, the property benefits from modern construction, a long remaining lease term, and strong visibility along Locust Street. The large parcel size presents potential future redevelopment value or expansion optionality. The property is strategically located within driving distance of larger regional hubs, including Cape Girardeau, Missouri, enhancing its accessibility and relevance in the local retail network.

FOR SALE DETAILS

PRICE

$1,080,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ullin, IL Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

8.45 AC

LAND SF

368,082 SF

ZONING

C

APN/PARCEL ID

01-23-400-050-10

ASK ABOUT THIS PROPERTY

Jake NowakMarcus & MillichapMore Info
314-889-2565

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Jake NowakMarcus & MillichapMore Info
314-889-2565

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