Dollar General 400 W Walnut St

SVN | Holman Partners is pleased to present a 100% fee simple interest in a Dollar General property located at 400 W Walnut, Watseka, IL 60970. This store is strategically placed on the highly trafficked Highway 24, near the intersection of Illinois Route 1. The 7,020 SF store, built in 1993 specifically for Dollar General, operates on a modified net lease with limited landlord responsibilities. The landlord made updates to the property in 2019, including a new central air system (Furnace/AC) and resurfacing the parking lot. The roof and gutters were replaced by the landlord in April 2024. There are 2 (5) Year Options to renew, with 6% rent increases at each option. This store has a strong history in Watseka, being a staple in the town for over 25 years. Dollar General is the largest discount retailer in the United States by the number of stores with over 16,500 neighborhood stores in 44 states. Not to mention they are among the largest retailer of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg, General Mills, Nabisco, PepsiCo, and Coca-Cola.
Watseka is a city in and the county seat of Iroquois County, Illinois, United States. The property is in the eastern part of the state, near the Illinois-Indiana state line, and is approximately 90 miles south of Chicago. Watseka is located near the center of Iroquois County, at the intersection of Highway 24 and Illinois Route 1. Highway 24 also runs through nearby towns of Sheldon and Crescent City, increasing vehicle traffic through Watseka to 11,799 VPD. The subject property is located along the main retail corridor, neighboring McDonald's, Casey's General Store, and Recharge Coffee Company. This Dollar General serves an area of over 7 miles to the East and West, 5 miles to the south, and as much as 8 miles to the north. This service area provides for a population of 7500+ people, with an average household income of nearly $44,000, putting it within Dollar General’s key demographics. All of this combines to make an excellent location for Dollar General.