415 S Wall St
Griggsville, IL 62340

The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are twelve (12.6) years remaining on the lease term, plus five (5), five (5) year options. This location features new 2016 construction. The lease is corporately guaranteed by Dollar General Corporation, which has an investment grade credit rating of BBB (S&P). The lease provides for 10% rental increases at each option period. Griggsville is home to the Western Illinois Fair, which is held the third week of June each year and features attractions like motor cross, a petting zoo, midway rides, horse racing and concession stands. These fairgrounds also host other events such as the Fall Demo Derby, the Western Illinois Fair Queen Pageant, and the School Bus Derby. This popular fair is located just 266 feet (1 minute) from the subject property. The City of Griggsville has a limited amount of retail within the city limits. Dollar General serves as the go-to store for surrounding residents. The next closest Dollar Store is 10 miles away from the subject property. Griggsville is located 67 miles (62 minutes) away from Springfield, IL.