New Dual Concept
For Lease
$1,147,674
1099 North Cole Street, Bushnell, IL 61422
Freestanding Family Dollar | Dollar Tree in Bushnell, Illinois.
Space SizeContact for details
Days on Market206
Property Features for 1099 North Cole Street
General Information
Standard status
Active
Property subtype
Retail
Net Operating Income
$123,375
Building Details
Year Built
2023
Listing Agency:
Bang Realty
(734) 755-6359
Listed By:
Bryan Bender · License ##343847
(734) 755-6359
Source:
Fortisnetlease
Added: Jan 27
Changed: Aug 19
Last Checked: Aug 20 at 4:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
Investment Insights
Based on property information with market context.
This freestanding 10,500 SF Family Dollar | Dollar Tree dual concept store is located in Bushnell, Illinois. The property is under a Double Net (NN) Lease, assigning minimal responsibilities to the landlord. The lease includes 4 options to renew, each for 5 years, with a $0.50 PSF rental rate increase. The lease is corporately guaranteed by Dollar Tree, which holds a credit rating of “BBB-”, classified as Investment Grade. Constructed in 2023, the store opened in June 2023. Situated on the corner of Cole Street and Smith Street, the store benefits from high visibility and traffic of 2,686 cars per day. It is located across the street from a new Dollar General Market store on the main thoroughfare. The surrounding area has a ten mile population of 7,090 and a three mile average household income of $55,315. The property features a concrete parking lot. Bushnell is located in McDonough County, approximately 45 miles south of Galesburg and 50 miles north of Quincy. The surrounding landscape includes rolling hills and farmlands. Downtown Bushnell has local shops, restaurants, and historic buildings.
Key Highlights
- Investment Grade Credit Tenant: Lease is corporately guaranteed by Dollar Tree, with a 'BBB-' credit rating.
- New 2023 Construction: Minimizing immediate capital expenditure concerns.
- Desirable Double Net (NN) Lease: Requires minimal landlord responsibilities.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Groceries 16%
Bushnell
Shops & Services
8,779 visits/mo
0.3 miles
Dollar General
Shops & Services
4,809 visits/mo
0.2 miles
BP
Shops & Services
3,941 visits/mo
0.1 miles
Bushnell Market
Groceries
3,744 visits/mo
0.0 miles
Dollar Tree
Shops & Services
2,275 visits/mo
0.1 miles
Demographics for 61422, IL
3,099
Population
1,607
Households
1.9
Avg Household Size
44
Median Age
15%
College-Educated
90%
High-School Grad
43.3 sq mi
ZIP Area
72
Density / Sq Mi
$62,768
Median Household Income
$38,602
Median Earnings
$622
Median Rent
$71,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Bushnell Market — 1001 Cole St, Bushnell, IL 61422
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding Family Dollar | Dollar Tree in Bushnell, Illinois.
Where is this grocery and convenience store located?
The property is located at 1099 North Cole Street Bushnell, IL.
What is the lease rate?
The lease rate is $1,147,674.
What are key features of this property?
This property features: Investment Grade Credit Tenant: Lease is corporately guaranteed by Dollar Tree, with a 'BBB-' credit rating.; New 2023 Construction: Minimizing immediate capital expenditure concerns.; Desirable Double Net (NN) Lease: Requires minimal landlord responsibilities.
