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Dollar General Plus
101 Kasch Drive, Winnebago, IL 61088
$1,773,135
Cap Rate 6.25%
Summary
| Price $1,773,135 | Built/Renov 2022 | Tenant Dollar General Plus |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,640
| Lease Start
03-28-2022
| #Units
19,294
|
| Price/SF $166.65 | Expiration
03-31-2037
| Tenant Type Dollar/Discount |
| NOI $110,821 | R. Term 13.3 | Ownership Fee Simple |
| Rent/SF
$10.42
| Increases 10.0%/13/yrs | Pop 5Mi 9,997 |
| Lot/AC 1.00 | Options 4/5yrs/10% | AHHI 5Mi $90,707 |
| | |
Lease Highlights
- 2022 build-to-suit construction
- Dollar General has 13+ years remaining on the base term of an initial 15-year lease
- The lease features 4 (5-year) renewal options, all of which include a 10% rent increase
- Absolute NNN | Zero landlord responsibilities
- Corporate guarantee | Investment grade tenant
Location Description
Dollar General is strategically located on Kasch Drive, with access to 5,036 vehicles passing by daily. The property is in close proximity to well-known national tenants, such as McDonald’s, Ace Hardware, Taco Bell, Anytime Fitness and more. The 5-mile trade area is supported by a population of 9,997 residents, with an average household income of $90,707. Winnebago is a small village located...
...Features
-
New construction
-
Highway close
-
Affluent suburb location
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Major MSA
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Brand new lease
-
Absolute NNN
-
Long 10+ yr lease
-
Traded and rated company
-
Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: Dollar General
- Guarantor:Corp T and Rated
- Company:Dollar General Corp.
- # Units:19,294
- Tenant S&P: BBB
- Moody’s: Baa3
- Stock:NYSE: DG
About Tenant
Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 1,487 | 4,733 | 10,650 |
| 2022 Total Population : | 1,513 | 4,414 | 10,243 |
| 2022 Employed Civilian Pop : | 893 | 2,457 | 5,221 |
| 2022 Total Businesses : | 89 | 128 | 251 |
| 2022 Average Household Income : | $ 110,726 | $ 118,877 | $ 102,511 |
| 2022 Total Consumer Spending : | $ 56 M | $ 171 M | $ 346 M |
| 2022 Median Age : | 43 | 43 | 43 |
| 2022 Total Households : | 609 | 1,709 | 3,967 |
| 2022 Pop Age 25+: Bachelor's Degree : | 171 | 543 | 1,181 |
| 2022 Average Home Value : | $ 178,263 | $ 204,395 | $ 199,103 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Elida St | S Winnebago Rd | 2004 | 5,900 | 0.04 mi |
| N Elida St | Comly Rd | 2004 | 5,900 | 0.15 mi |
| N Elida St | Comly Rd | 2004 | 4,300 | 0.21 mi |
| S Winnebago Rd | Land Mark | 2004 | 5,700 | 0.24 mi |
| N Elida St | W School St | 2004 | 4,300 | 0.36 mi |
| North Winnebago Road | W State Rd | 2017 | 1,875 | 0.44 mi |
| N Winnebago Rd | S Winnebago Rd | 2004 | 2,200 | 0.48 mi |
| N Elida St | E Bluff St | 2004 | 4,300 | 0.48 mi |
| N Elida St | E Bluff St | 2004 | 3,600 | 0.55 mi |
| S Elida St | W Soper St | 2004 | 3,600 | 0.65 mi |
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