Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee-simple interest in the Dollar General located in Chicago, IL (“The Property”). The Property consists of an 8,894 square foot freestanding retail building, on a 0.52-acre parcel of land. Dollar General is operating under a passive net lease with limited landlord responsibilities and 10% rental increases in each of the four (4) option periods remaining. Additionally, the tenant just exercised a 5-year lease extension through November 2030.
The Property is located in Chicago, IL, the 3rd largest MSA in the United states by population and only three (3) miles away from Midway International Airport, one of two major airports serving the Chicago MSA. There are more than 41,000 people living within 1 mile of the Property and more than 322,000 people living witihin 3 miles of the Property.