905 Victor st - Convenience Store FOR SALE


Christopher, IL 62822
$1,791,000 USD
905 Victor st, Christopher, IL for Sale
$1,791,000 USD
Convenience Store - FOR SALE
1/3
null | 6.7% Cap Rate

905 Victor st
Christopher, IL 62822


OVERVIEW

15 YEAR UPGRADED CONSTRUCTION DOLLAR GENERAL WITH RENT INCREASES IN INITIAL TERM • The subject property has a new corporate guaranteed NNN lease with 5% rent increases every 5 years. • Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. • This Dollar General is under construction and rent commences in August 2025. LOW RENT & PRICE POINT • The subject property has a low rent of $119,976 which equates to a low price point of $1.7M. • This price point is significantly lower than most new construction Dollar Generals on the market. NEAR INTERSTATE 57 (41,300 VPD) • The subject property is less than 10 minutes from Interstate 57 (41,300 VPD). • Interstate 57 is a major interstate connecting Southern Illinois to Chicago. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $18.16B. CHRISTOPHER, IL | SOUTHERN ILLINOIS INDUSTRIAL & RECREATIONAL HUB • Christopher is located in Franklin County, 86 miles southeast of St. Louis, MO and 95 miles southeast of Evansville, IN. • The economy is driven by healthcare, retail, and manufacturing. Key industries by employment include Health Care & Social Assistance (519 jobs), Retail Trade (501 jobs), and Manufacturing (320 jobs). • Highest paying industries include Mining, Quarrying & Oil & Gas Extraction ($63,958), Public Administration ($60,750), and Manufacturing ($53,393). • Area attractions include Rend Lake (3 Million Visits), Crab Orchard National Wildlife Refuge (1 Million Visits), Pyramid State Recreation Area (200,000+ Annual Visits), and more. • The Franklin County School System serves 5,570 students at 19 different schools across the county. • Franklin County had a population of 37,061 in 2024, with Benton as the county seat. Known as ‘Little Egypt,’ the area is supported by agriculture, healthcare, retail, and manufacturing.

FOR SALE DETAILS

PRICE

$1,791,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Near Rend Lake

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,690 SF

ZONING

-

APN/PARCEL ID

06-36-103-005

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