Details

Dollar General in Oregon, IL

1050 W Pines Rd, Oregon, IL

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hIGHLIGHTS

Size:9,014 SF

Price:$771,310.00

CAP RATE:7.25%

NOI:$55,920.00

PROPERTY
OVERVIEw

DETAILS

• 9,014 SF building
• Year Built: 2004
• Lease Structure: NN (Landlord responsibilities include roof and structure – taxes reimbursed by tenant)
• Lease Commencement Date: 8/31/2019
• Lease Expiration Date: 8/31/2024
• Recent Extension: 8/31/2019
• Rent Escalation: $466/month - $5,592/year
• Renewal Options: One (1) five-year option remaining
• Corporate Guarantee: Dollar General Corporation
• Landlord Responsibilities: Roof, Landscaping, Snow Removal, Parking Lot

InCommercial Property Group is pleased to offer the opportunity to acquire a long term, recently renewed Dollar General, located in the town of Oregon, IL within Ogle County. The subject site is priced at $771,310 with a 7.25% cap rate. The property offers minimal landlord responsibilities, fully reimbursed taxes, and tenant paid CAM – a five-year option further securitizes this NN investment. Dollar General is a credit tenant and is publicly traded on the New York Stock Exchange (Symbol: DG) with a market capitalization in excess of $39 billion. Dollar General operates more than 15,000 stores located in 45 states.

Location

Contact

Russ Kimzey

Vice President, Brokerage

(469) 964-3047

rkimzey@incommercialre.com