3419 N Prospect Ave - Retail FOR SALE


Peoria, IL 61603- West Peoria
$697,270 USD
765-293-2933
3419 N Prospect Ave, Peoria, IL for Sale
$697,270 USD
Retail - FOR SALE
1/4
null | 8.5% Cap Rate

3419 N Prospect Ave
Peoria, IL 61603
West Peoria


HIGHLIGHTS

  • Top 27% Dollar General in Illinois and top 35% store nationwide (Placer.Ai), reflecting above average customer traffic.
  • Corporate Credit tenant as DG Retail, LLC is a subsidiary of Dollar General Corp (around 20,000 stores nationwide).
  • Attractive basis with below market rent of $6.86/SF and being below replacement cost.
  • Two remaining options with increases.
  • Surrounding retailers include Shell, Walgreens, McDonald’s, Starbucks, Sherwin Williams, Rent One, Domino’s, Pizza Hut, Jimmy John’s, and Dunkin’.
  • Long term operating history at the site of 22+ years.

OVERVIEW

Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a Dollar General property located at 3419 N Prospect Road in Peoria, Illinois. The subject property is leased to DG Retail, LLC, a wholly owned subsidiary of Dollar General Corporation (NYSE: DG), which operates approximately 20,000 locations nationwide. The building consists of 8,640 square feet with excellent visibility and access, including a dedicated pylon sign at the corner of Prospect and Wilson and a full left-in, left-out turn lane. Surrounding national retailers include Shell, Walgreens, McDonald’s, Starbucks, Sherwin Williams, Domino’s, Pizza Hut, Jimmy John’s, Dunkin’, and Rent One, reinforcing the strength of the trade corridor. According to Placer.ai, this store ranks in the top 27% of Dollar General locations in Illinois, demonstrating strong customer traffic and performance. Improvements to the roof were made in 2025, with warranty coverage through 2028. An HVAC unit was replaced in 2022, and work was completed on the parking lot in 2024, offering reduced capital expenditure exposure. This offering represents an opportunity to acquire a corporate Dollar General property at an attractive basis below market rent and below replacement cost.

FOR SALE DETAILS

PRICE

$697,270 USD

PRICE/SF

$81 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,653 SF

ZONING

B

APN/PARCEL ID

14-27-334-015

ASK ABOUT THIS PROPERTY

Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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

Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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