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764 S Blanche St Mounds, IL 62964

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For Sale
$1,127,484

NNN Dollar General property with long-term lease in Mounds, IL.

Property size:
9,014 SF

Property Features for 764 S Blanche St

General Information

Size
9,014 SF

Building Details

Year built
2010

Source: Andy Monette Agent Andy Monette

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Dollar General Investment Property

This property features a Dollar General, a creditworthy tenant with a strong financial background and a long-term lease. The building was constructed in 2010 as a build-to-suit. The lease has 5 years remaining on the renewal, with 10% rental escalations in each renewal option period. Landlord responsibilities are minimal, as Dollar General fully reimburses for CAM. Dollar General is an investment grade rated tenant (S&P: BBB). Dollar General has had 35 consecutive years of same store sales growth. The property is located in Mounds, Illinois, in Pulaski County, approximately 140 miles south of St. Louis, Missouri, and just east of Interstate 57. The location is approximately 35 miles from the intersection of Interstate 57 and Interstate 55, in close proximity to the Illinois-Missouri and Illinois-Kentucky borders. The nearest Walmart is located 27 miles from the property. The property is in close proximity to Interstate 57, which links Mounds to Chicago, Illinois, to the north and Sikeston, Missouri, to the south. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization of approximately $29 billion. The property size is 9014 square feet.
Location Intelligence

Current Use by Public Records

Dollar General Dollar Store FedEx OnSite Mailing Service Western Union Money Transfer Service

Suggested Use

Restaurant Law Firm Spa & Massage Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Food Market Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Stop & Shop

Location Insight

  • Map
  • Local Demand
City
Mounds
County
Pulaski
State
Illinois
Longitude
-89.198497
Latitude
37.107491

FAQs

What type of property is this?
Grocery and convenience store - NNN Dollar General property with long-term lease in Mounds, IL.
Where is this grocery and convenience store located?
The property is located at 764 S Blanche St Mounds, IL.
What is the asking price?
The asking price for this property is $1,127,484.
What are key features of this property?
This property features: - Creditworthy tenant (Dollar General, S&P: BBB) with a long-term lease in place.; - 10% rental escalations in each renewal option period.; - Minimal landlord responsibilities due to Dollar General fully reimbursing for CAM.
More about this property
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