Dollar General | 1308 Washington Ave
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Dollar General 1308 Washington Ave
9,001 SF Retail Building Cairo, IL 62914 $565,000 ($63/SF)
Executive Summary
This 9,001 SF Dollar General store located in Southern tip of Illinois in the city of Cairo. The property is secured with a NN Lease leaving minimal landlord responsibilities. The lease contains 2 (5-year) options to renew, each with a 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.
This Dollar General is very visible located on the main business road, the Ohio River Scenic Byway, which sees 4,800 cars per day. The Illinois ten-mile population from the site is approximately 4,000 while the area median household income is $66,480 per year, making this location ideal for 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.
INVESTMENT HIGHLIGHTS
• 5-Year NN Lease | Minimal Landlord Responsibilities
• 2 (5-Year) Options | Increases in Each Option
• Three Mile Household Income $66,480
• Illinois Ten Mile Approximate Population 4,000
• 4,800 Cars Per Day | On Main Thoroughfare
This Dollar General is very visible located on the main business road, the Ohio River Scenic Byway, which sees 4,800 cars per day. The Illinois ten-mile population from the site is approximately 4,000 while the area median household income is $66,480 per year, making this location ideal for 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.
INVESTMENT HIGHLIGHTS
• 5-Year NN Lease | Minimal Landlord Responsibilities
• 2 (5-Year) Options | Increases in Each Option
• Three Mile Household Income $66,480
• Illinois Ten Mile Approximate Population 4,000
• 4,800 Cars Per Day | On Main Thoroughfare
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,001 SF
Building Class
B
Year Built
1941
Price
$565,000
Price Per SF
$63
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
27 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 01-01-01-026-020 | Improvements Assessment | $37,009 |
| Land Assessment | $3,137 | Total Assessment | $40,146 |
PROPERTY TAXES
Parcel Number
01-01-01-026-020
Land Assessment
$3,137
Improvements Assessment
$37,009
Total Assessment
$40,146
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Presented by
Indigo Realty LLC
Dollar General | 1308 Washington Ave
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