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Dollar General - Evansville, IL 7541 State Route 3

9,100 SF Retail Building Evansville, IL 62242 $1,110,000 ($122/SF) 6.50% Cap Rate

Investment Highlights

  • DOLLAR GENERAL (NYSE: DG) | STRONG FINANCIAL COMPANY | MORE THAN 19,000 STORES ACROSS THE UNITED STATES
  • LOCAL MARKET REAL ESTATE ANSWERS CORPORATE SITE CRITERIA | DEMONSTRATES TENANT’S PROFITABILITY AT REGIONAL OR SMALL TOWN LOCATION | LOCATION CLASSIFIE
  • TENANT COMMITMENT TO LOCATION | ABSOLUTE TRIPLE NET (NNN) LEASE INVESTMENT | LIMITED LANDLORD RESPONSIBILITIES
  • CORPORATE GUARANTEE | INCREASING SALES & PROFIT YEAR OVER YEAR | LEASE EXTENSION DEMONSTRATING TENANT’S COMMITMENT

Executive Summary

DOLLAR GENERAL
Dollar General (NYSE: DG) is the largest (by store count) small box discount retailer in the United States.
Dollar General has a total store count of more than 19,000 with more than 1,000 new store openings in 2023 and 800
New Stores scheduled for 2024 - Indication of Tenant’s Commitment to store efficiency and growth in sales.
Dollar General is one of few Net Lease Retailers within the industry that are combined corporately guaranteed and a healthy credit rating making it a perfect tenant to gain safe leverage. Dollar General is a BBB credit rating by Standard & Poor agency.
Dollar General’s strategy is to be th “Walmart” of small towns or provide hassle-free experience to customers by providing a carefully crafted assortment of the most popular brands to the consumer.
Dollar General is a strong company financially with a 10.6% increase in net sales boasting a total sales of more than $40 Billion (2023) and a same store growth of 4.3%.

LOCAL MARKET
EVANSVILLE, IL
Evansville is an agriculturally oriented trading and service center, and is also the location of a relatively large grain loading facility, operated by Gateway Farm Service. Evansville is becoming more of a residence center for community workers. The community is well situated with respect to the prospects of benefiting from the development of Randolph County’s resources in the future.
KASKASKIA RIVER
The most clearly visible prospect for Evansville is to reap some of the benefits from the continuing trend for recreation and travel. It is near the Mississippi River. Being situated on the Kaskaskia River and near scenic spots in the Kaskaskia Bluffs, it is a prime spot for recreation development.
RANDOLPH COUNTY, IL
Evansville is a village in Randolph County, Illinois, United States, on the banks of the Kaskaskia River. The population was 547 at the 2020 census. As of the census[6] of 2000, there were 724 people, 298 households, and 191 families residing in the village. The population density was 976.9 inhabitants per square mile (377.2/km2). There were 317 housing units at an average density of 427.7 units per square mile (165.1 units/km2). The racial makeup of the village was 98.90% White, 0.41% African American, 0.14% Asian, 0.28% Pacific Islander, and 0.28% from two or more races. Hispanic or Latino of any race were 0.69% of the population.

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$1,110,000
Price Per SF
$122
Cap Rate
6.50%
NOI
$72,184
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
1.58 AC
Frontage
687 FT on Illinois State RT 3

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-082-031-00
Land Assessment
$8,005
Improvements Assessment
$294,585
Total Assessment
$302,590
  • Listing ID: 33412416

  • Date on Market: 10/4/2024

  • Last Updated:

  • Address: 7541 State Route 3, Evansville, IL 62242

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