305 E Lincoln Hwy - Retail FOR SALE


Franklin Grove, IL 61031
$1,909,896 USD
847-664-9557
305 E Lincoln Hwy, Franklin Grove, IL for Sale
$1,909,896 USD
Retail - FOR SALE
1/1
null | 6.65% Cap Rate

305 E Lincoln Hwy
Franklin Grove, IL 61031


HIGHLIGHTS

  • Investment grade tenant – S&P: BBB
  • Absolute NNN – No landlord responsibilities
  • Dollar General Market property featuring the larger and highly desired prototype carrying additional grocery products
  • Limited competition in the area – the next closest Dollar store is 10+ miles west
  • 21,000+ people live within a ten-mile radius
  • Located approximately one mile northwest, Franklin Creek State Natural Area encompasses 882 acres of hiking and equestrian trails, attracting visitors

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General Market property located in Franklin Grove, Illinois. The property features new construction to be completed in March 2026. The lease term is 15 years and features 5% rental escalations throughout the primary term and five 5-year renewal options. The lease is absolute triple net presenting no landlord responsibilities. DG Market locations feature a larger and more desirable store footprint and offer a selection of groceries and perishable items. Dollar General is an investment grade tenant, holding a BBB rating from Standard & Poor’s. The 10,640 square-foot building is located in Franklin Grove, approximately 100 miles west of Chicago. The property is situated along Lincoln Highway, halfway between Dixon and Rochelle. The asset benefits from limited competition, as it is the only dollar store within a 10-mile radius. The surrounding area supports a population of more than 21,000 residents within a 10-mile radius, with average household incomes exceeding $100,000 within seven miles. Located approximately one mile northwest, Franklin Creek State Natural Area encompasses 882 acres of hiking and equestrian trails, attracting visitors year-round. Dollar General is an American discount retailer headquartered in Goodlettsville, Tennessee, founded in 1939. The company has grown into one of the largest small-box retailers in the United States, offering a broad assortment of consumables, seasonal items, home products, apparel, and basic household goods at low price points, with a strategy focused on convenience and value in rural, suburban, and underserved urban markets. Dollar General operates more than 20,000 stores nationwide across multiple formats, including DG Market and pOpshelf, and emphasizes new store development, private-label brands, and supply chain investments to drive efficiency and growth. Publicly traded on the New York Stock Exchange (NYSE: DG), the company ranks among the nation’s largest retailers by revenue and store count, serving millions of customers each week.

FOR SALE DETAILS

PRICE

$1,909,896 USD

PRICE/SF

$180 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

06-03-36-379-001

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-664-9557

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John FeeneyThe Boulder GroupMore Info
847-664-9557

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