Dollar General | Double Net (NN) Lease Investment

$899,999

901 1st Street, Colona, IL 61241

For Sale

Retail Free Standing

Pending

Last Updated: 04/09/2021

Details:

Cap Rate: 7.2%

NOI: $64,800

Building Size: 9,100 sqft

Lot Area: 1.05 acres

Lease Type: Double Net

Year Built: 2010

Price Per Sqft: $98.90

Roof & Structure : Landlord's Responsibility

Property Taxes, Insurance, HVAC & Utilties: Tenant's Responsibility

Offered by

Todd Lewis

Sands Investment Group

#Lic. #703013

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Elan Sieder

Net Lease Advisor

Sands Investment Group

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Highlights:

Dollar General has extended its lease in May 2020 for 10 years, showing commitment to this location
Corporate Guarantee from Investment Grade Tenant Dollar General Corporation (NYSE: DG); Dollar General has been deemed an Essential Business
Dollar General has hired over 50,000 new employees to support operations across its organization amid heightened demand to meet customers essential needs
Dollar General makes a compelling investment opportunity in light of the country's economic challenges
Wells Fargo believes Dollar General in Best-Positioned for COVID-19 Economic Fallout
Demographics include a population of 145,303 Residents making an Average Household Income of $80,201 within a 10-Mile Radius
Colona sits on the Southeastern Corner of the Quad Cities which consists of Rock Island, Moline and East Moline (in Illinois); and Davenport and Bettendorf (in Iowa) They have a CSA population of 474,937 People
Colona is situated just 15 minutes from the Quad City International Airport
Equidistant between Chicago to the East and Des Moines to the West - Roughly 2.5 Hours in Either Direction
The City is Uniquely located at the Intersection of Four Interstate Highways and Two Illinois Highways
Colona is Surrounded by Three Bodies of Water which provide Ample Opportunities to Participate in a Variety of Water Activities such as Fishing, Boating, Rafting, or Tubing; and Has a dedicated bike and Trail Path Running along it
Nearby Tenants Include: USPS, Grease Monkeys Sports Bar & Grill, Dairy Queen, Maria's Pizza, Subway, Pizza Hut and Shell

Description:

We Are Pleased to Present Exclusively For Sale the Dollar General Located at 901 1st Street in Colona (Quad Cities), Illinois. This Opportunity Includes a High Quality Tenant That Has Extended Its Lease in May 2020 For Another 10 Years, Showing Commitment to This Location.

Listed in Cooperation with: Aaron McDermott Latitude Commercial Realty, Inc IL Lic#478027290
2342 Cline Avenue Schererville, IN 46375