Dollar General | 296 W Main St
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Dollar General 296 W Main St
8,744 SF Retail Building Glen Carbon, IL 62034 $642,024 ($73/SF) 8.15% Cap Rate
Investment Highlights
- 2003 Construction. 8,744+/- SF Building on 0.84+/- Acre Site
- Near Anderson Hospital (151 Beds), SIUE (14,000 Students) & Lambert-St. Louis International Airport (15 Million Annual Passengers)
- Dollar General, a Fortune 500 Company and One of the Largest Discount Retailers in the U.S. Operates Over 20,000 Stores Across 47 States
- Located Near Major Highways I-285 & I-270 (Combined Traffic Counts of 15K+ VPD)
- Close Proximity to National Retailers Including Walmart, Target, Sam’s Club, Best Buy, Lowe’s & Aldi
- Glen Carbon | Located in Rapidly Growing Metro (St. Louis MSA) | MSA Population: 2.81M
Executive Summary
25-Year NN+ Lease, Recent Renewal in 2023, 1 Option Remains, w/ 4% Rent Increase
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,744 SF
Building Class
C
Year Built
2003
Price
$642,024
Price Per SF
$73
Cap Rate
8.15%
NOI
$52,325
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.84 AC
PROPERTY TAXES
| Parcel Number | 13-2-21-04-05-101-021 | Improvements Assessment | $187,170 |
| Land Assessment | $35,830 | Total Assessment | $223,000 |
PROPERTY TAXES
Parcel Number
13-2-21-04-05-101-021
Land Assessment
$35,830
Improvements Assessment
$187,170
Total Assessment
$223,000
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Dollar General | 296 W Main St
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