520 W 3rd St - Freestanding FOR SALE


Dixon, IL 61021
$1,090,909 USD
312-448-7458
520 W 3rd St, Dixon, IL for Sale
$1,090,909 USD
Freestanding - FOR SALE
1/4
null | 8.25% Cap Rate

520 W 3rd St
Dixon, IL 61021


HIGHLIGHTS

  • New 2024 Corporate Lease: Following 25+ Years of Successful Operation, Dollar General Signed a Brand New 5-Year Corporate Lease in 2024
  • New Roof & Full Renovation in 2024: In Conjunction With the New Lease, the Property Underwent a Full Renovation in 2024, Including a Brand-New Roof
  • High-Visibility Site With Ample Parking: The 10,000 SF Building Sits on 1.16 Acres and Features a Spacious and a Dedicated Parking Lot
  • Established Investment-Grade Tenant: Dollar General Operates Over 19,000 Locations Nationwide and Carries an Investment- Grade Credit Rating
  • Essential Retail in a Stable Community: Located in Dixon, IL, This Dollar General Benefits From Consistent Traffic Driven By Nearby KSB Hospital
  • The Company’s Stock is Up More Than 40% Year-to-Date, Supported By Strong Earnings Performance and a Disciplined Long-Term Growth Strategy

OVERVIEW

This Well-Located Dollar General is Positioned Just Off Major Thoroughfares in Dixon, IL — a Key Retail Corridor Within the City’s Commercial Core. Dixon Serves As the Economic Center of Lee County and Benefits From Strong Local Fundamentals, Including Average Household Incomes Exceeding $92,000 Within A 5-Mile Radius and a Stable Consumer Base. After Completing a 35-Year Initial Lease Term, Dollar General Signed a New Lease in 2024 With Two 5-Year Options, Reflecting Their Long-Term Commitment to The Site. Originally Built in 1965, The Property Underwent a Full Renovation, Including a Brand-New Roof, as Part of The Recently Negotiated Lease Renewal. With Over 4 Years Remaining on The Initial Term and 10% Increases at Each Option, This Asset Offers Secure, Growing Cash Flow Backed by a Corporate Guarantee. In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429

FOR SALE DETAILS

PRICE

$1,090,909 USD

PRICE/SF

$109 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,314 SF

ZONING

-

APN/PARCEL ID

07-08-05-186-001

ASK ABOUT THIS PROPERTY

Kevin BlahaSands Investment GroupMore Info
312-448-7458

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Kevin BlahaSands Investment GroupMore Info
312-448-7458

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