- For Sale $1,828,471
- Property Type Retail - Freestanding
- Property Size 10,640 SF
- Units 1
- Lot Size 1.72 Acre
- Property Tenancy Single Tenant
- Year Built 2022
- Date Updated Apr 24, 2024
TBDTrinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Rankin, IL. This new development property is a 10,640 square foot prototype with a 15-year Absolute NNN lease and attractive 5% rental increases every 5 years throughout primary term bringing the CAP rate to 7.35%.
Broker of Record: Brian Brockman
Bang Realty, Inc | IL #471020548
[email protected] | (513) 898-1551
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Highlights
- 15-Year Absolute NNN Lease New Development Dollar General
- Attractive 5% Rental Increases Every 5 Years Throughout Primary Term – Bring CAP Rate to 7.35% During Primary Term
- Attractive 6.7% List Cap Rate for Investment Grade Tenant with Long-Term in Place Lease
- Store Open and Paying Rent – Opened February 2024
- 10,640 Square Foot Prototype
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Contacts
Location
Getting Around
-
Walk Score ®
11/100
Car-Dependent
-
Bike Score ®
34/100
Somewhat Bikeable
Powered by Walk Score ®
- City Rankin, IL
- Neighborhood Rankin
- Zip Code 60960
Frequently Asked Questions
What is the lease rate for Dollar General?
Rental asking rate at Dollar General is $914,235.50/YR.
What is the total square footage of Dollar General?
Dollar General totals 10,640 square feet.
When was this property built?
Dollar General was built in 2022.
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