704 Ohio St - Convenience Store FOR SALE


Brookport, IL 62910
$1,454,772 USD
248-419-3271
704 Ohio St, Brookport, IL for Sale
$1,454,772 USD
Convenience Store - FOR SALE
1/6
null | 6.35% Cap Rate

704 Ohio St
Brookport, IL 62910


HIGHLIGHTS

  • Absolute (NNN) Lease Zero Landlord Responsibilities DG Market Store | Larger Footprint | Sells Meats & Produce.
  • Five (5 Year) Options | 10% Rental Increase At Each Option Now Open | October 2022 Five Mile Population 23,535.
  • One Mile Household Income $53,471 5,075 Cars Per Day on Ohio Street.
  • Investment Grade Dollar Store with "BBB" Credit Rating DG Reported 32 Consecutive Years of Same Store Sales Growth

OVERVIEW

Fortis Net Lease is pleased to present this 2022 BTS, 12,668 SF. Dollar General Market store located in Brookport, Illinois. The property offers a 15 year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains five (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store opened for business in October 2022. This Dollar General is highly visible as it is strategically positioned on the corner of E 7th Street and Ohio Street which sees 5,075 cars per day,and is on the Illinois/Kentucky state border. This being a DG Market store shows Dollar General's commitment & Confidence to this market area. The five-mile population from the site is 23,535 and the one mile average household income is $53,471 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.35% cap rate based on NOI of $92,377.56.

FOR SALE DETAILS

PRICE

$1,454,772 USD

PRICE/SF

$102 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

C-1

APN/PARCEL ID

09-14-272-012-0000

ASK ABOUT THIS PROPERTY

Kyle CarsonFortis Net LeaseMore Info
248-419-3271

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Kyle CarsonFortis Net LeaseMore Info
248-419-3271

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