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605 N State St
Westville, IL 61883
Dollar General · Retail Property For Sale
PROPERTY FACTS
About 605 N State St , Westville, IL 61883
NEW DOLLAR GENERAL PLUS RELOCATION STORE Brand New 10,640 SF Build to Suit Dollar General Plus in Westville, IL located at along the busy N State Street (Hwy 150, 13,000 VPD). Westville, IL is part of the Danville MSA (85,296 Pop.). This is a relocation store and it is scheduled to open in August 2018. DANVILLE MSA Danville is the principal city of the Danville Metropolitan Statistical Area, which encompasses all of Danville and Vermilion County. The MSA is projected to have a total population of 85,296 in 2020. Retail in the community has increased after a large influx of redevelopment in 2013. Retail ranges from traditional big-box stores and retail infill and redevelopment of older shopping centers. Danville is known as a major railroad intersection served by CSX Transportation, Norfolk Southern Railway, and Kankakee, Beaverville and Southern Railroad. This location is surrounded by a strong trade area that includes national retailers such as Chevrolet, Burger King, CVS, Dairy Queen and Casey’s General Stores. WESTVILLE, IL Westville is a village in Georgetown Township, Vermilion County, Illinois and is part of the Danville, Illinois Metropolitan Statistical Area. Westville is located 6 miles south of Danville, 96 miles West of Indianapolis and 150 miles south of Chicago. Future job growth over the next ten years is predicted to be 35.62%. The most active job sectors in Westville are retail, manufacturing, education, and healthcare. The town has three public schools with a total student population of over 1,295. Westville is known for its Labor Day celebration which includes an International Food Festival and annual parade showcasing local businesses, schools, and officials. Friday Night High School Football, as we know it today, started in Westville, Illinois in 1928 when Westville High played the first regular season night high school football game under electronic lights. LONG-TERM CORPORATE NNN LEASE The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. There are 10 percent rent increases in each of the five, 5-year option periods. INVESTMENT GRADE TENANT Dollar General is a publicly traded (NYSE: DG) Fortune 500 company that operates over 14,321 locations nationwide with a net worth of over four billion. Dollar General is opening 900 locations this year and currently holds an investment grade credit rating of BBB-/Stable with S&P.
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PROPERTY TAXES
Parcel Number | 28-05-300-059 | Improvements Assessment | $284,632 |
Land Assessment | $57,099 | Total Assessment | $341,731 |
PROPERTY TAXES
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Listing ID: 12057289
Date on Market: 3/27/2018
Last Updated:
Address: 605 N State St, Westville, IL 61883