700 S Sycamore St - Freestanding FOR SALE


Villa Grove, IL 61956
$400,000 USD
314-889-2555
700 S Sycamore St, Villa Grove, IL for Sale
$400,000 USD
Freestanding - FOR SALE
1/2
null | 8% Cap Rate

700 S Sycamore St
Villa Grove, IL 61956


HIGHLIGHTS

  • Dollar General has operated at this location since 1993 (32 years)
  • DG just exercised their last 3 year option, demonstrating its commitment to the location
  • Dollar General is Rated Investment Grade "BBB" by S&P

OVERVIEW

Marcus & Millichap is pleased to present Dollar General located at 700 S Sycamore Street in Villa Grove, Illinois (Champaign­ Urbana MSA). This single-tenant NN leased property features a ±8,500 square foot building situated on a generous ±1.5-acre parcel with excellent frontage along South Sycamore Street the primary thoroughfare of Villa Grove. Dollar General has occupied this property for 32 years (since 1993) and continued to pay increased rent throughout their Tenancy and just exercised their Three (3) year lease renewal option demonstrating their longer term commitment to the location. This property presents the investor the opportunity to acquire a BBB investment grade (S&P) tenant with a 32 operating history at a low price point. Located in Douglas County, Villa Grove is a small but important agricultural and commercial area within east-central Illinois, serving as a key retail destination for nearby rural communities. The area benefits from consistent local demand, with Dollar General providing essential goods and convenience for residents. The site offers strong visibility and easy accessibility for local shoppers. The property benefits from its proximity to complementary local businesses and regional service providers, supporting stable retail activity. Additionally, Villa Grove's location approximately 20 miles south of Champaign reinforces its role as a local hub while benefiting from the economic strength of the greater Champaign-Urbana market.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$57 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

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

04-03-10-400-004

ASK ABOUT THIS PROPERTY

David SaverinMarcus & MillichapMore Info
314-889-2555

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David SaverinMarcus & MillichapMore Info
314-889-2555

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