555 Progressive Ln - Freestanding FOR SALE


South Beloit, IL 61080
$750,000 USD
312-625-3120
555 Progressive Ln, South Beloit, IL for Sale
$750,000 USD
Freestanding - FOR SALE
1/4
null | 8% Cap Rate

555 Progressive Ln
South Beloit, IL 61080


HIGHLIGHTS

  • Single-tenant Dollar General with a corporate-backed NN lease
  • Lease runs through 2029 with one remaining 5-year renewal option; the tenant has renewed three times since opening
  • Base rent positioned well below prevailing market rates for comparable retail in the submarket
  • Dollar General Corporation (NYSE: DG) — Fortune 500, investment-grade BBB rating (S&P), 21,000+ locations nationwide
  • CoStar traffic count of approximately 15,246 vehicles per day
  • Surrounded by national and regional retailers including ACE Hardware, NAPA Auto Parts, Subway, O’Reilly Auto Parts, Dollar Tree, and Mobil

OVERVIEW

This corporate-leased Dollar General has operated successfully at this South Beloit location for more than two decades, with multiple lease renewals demonstrating the tenant’s long-term commitment to the site. Positioned at 555 Progressive Lane just off Blackhawk Boulevard (IL-75), the property offers excellent visibility and a strategic location that draws customers from both Illinois and Wisconsin. Surrounded by a mix of national and regional retailers, the store benefits from steady local demand and a strong, loyal customer base.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

Commercial

APN/PARCEL ID

04-18-102-003

ASK ABOUT THIS PROPERTY

Ben UdellCPP CRE ILLINOIS, LLCMore Info
312-625-3120

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Ben UdellCPP CRE ILLINOIS, LLCMore Info
312-625-3120

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