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Dollar General
200 North Dixie Highway, Momence, IL 60954
$779,221
Cap Rate 7.70%
Summary
| Price $779,221 | Built/Renov 2005 | Tenant Dollar General |
| Cap Rate 7.70% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
9,014
| Lease Start
02-01-2005
| #Units
19,294
|
| Price/SF $86.45 | Expiration
01-31-2027
| Tenant Type Dollar/Discount |
| NOI $60,000 | R. Term 3.1 | Ownership Fee Simple |
| Rent/SF
$6.66
| Increases 9.0%/2/yrs | Pop 5Mi 6,467 |
| Lot/AC 0.59 | Options 3/5yrs/9% | AHHI 5Mi $78,653 |
| | |
Lease Highlights
- Dollar General has been operating in this location since 2005
- Tenant has over 3 years remaining on the current lease term with 3 (5-year) options to extend
- Lease features 9% rental increases every 5 years thought the initial term and at the start of each option
- Corporate guaranteed lease
- Investment grade tenant (S&P: BBB)
Location Description
This 9,014 square foot Dollar General is located along the signalized, hard corner intersection of North Dixie Highway and East 2nd Street with access to 12,300 vehicles per day. Located along a primary thoroughfare, the site benefits from its close proximity to national/credit tenants such as CVS, Burger King, Dairy Queen, Shell Subway, and several others. Additionally, the property is less...
...Features
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Signalized intersection
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Hard corner intersection
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In location for years
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Strategically located
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Highway location
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Long operation history
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Recently extended lease
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Traded and rated company
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Corporate Guarantee
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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 | |
| 2028 Total Population : | 3,296 | 4,391 | 6,348 |
| 2023 Total Population : | 3,336 | 4,450 | 6,443 |
| 2023 Employed Civilian Pop : | 1,569 | 2,130 | 3,031 |
| 2023 Total Businesses : | 141 | 166 | 191 |
| 2023 Average Household Income : | $ 72,910 | $ 78,488 | $ 79,508 |
| 2023 Total Consumer Spending : | $ 81 M | $ 120 M | $ 174 M |
| 2023 Median Age : | 41 | 42 | 43 |
| 2023 Total Households : | 1,281 | 1,762 | 2,532 |
| 2023 Pop Age 25+: Bachelor's Degree : | 183 | 259 | 398 |
| 2023 Average Home Value : | $ 221,394 | $ 226,679 | $ 224,838 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W 2nd St | N Pine St | 2005 | 2,950 | 0.07 mi |
| IL 1;IL 17 | E 2nd St | 2021 | 8,000 | 0.07 mi |
| RANGE ST | 2021 | 8,200 | 0.07 mi | |
| N Dixie Hwy | E 3rd St | 2005 | 10,000 | 0.09 mi |
| N Dixie Hwy | W River St | 2005 | 10,900 | 0.13 mi |
| S Dixie Hwy | Mill St | 2005 | 12,300 | 0.22 mi |
| IL 1;IL 17 | Gladiolus St | 2021 | 9,650 | 0.24 mi |
| W 2nd St | Market St | 2005 | 2,950 | 0.25 mi |
| IL 1;IL 17 | 2021 | 7,600 | 0.28 mi | |
| IL 1;IL 17 | Harvard St | 2021 | 6,700 | 0.32 mi |
